PLEASANTON, CA-Ian Stuart, a partner at Colliers International in Pleasanton, recently predicted the continued migration of companies to the East Bay from pricier markets in San Francisco and the Silicon Valley. Citing the recent moves made by high-tech companies like Oracle, Sybase and Cisco Systems to the East Bay, Stuart predicted continued growth that will spread to outlying cities like Pleasanton, Hayward and Livermore.

In particular, Stuart highlighted Pleasanton, which boasts housing prices similar to San Mateo, but office rents coming in at a third of the cost of space in the Silicon Valley. He also pondered the fate of the market in Concord, where housing and office rents are at least 30 percent below neighboring Walnut Creek.

Meanwhile, farther out in Fairfield, the boom is beginning to take shape. Brooks Pedder, managing partner out of Colliers’ Fairfield office reports that next year, 550,000 sf of space is in the pipeline for delivery next year.

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