Fresno Office Market
| Average Asking Rent (Price/SF) | $1.80 |
| Vacancy Rate (%) | 10.3% |
| Net Absorption (SF) | 111,452 |
Fresno’s office market experienced its first quarter of positive absorption; however, the year-to-date absorption is still in the red. While some businesses were able to achieve a semblance of normality in the third quarter of 2020, most commercial enterprises are still facing obstacles that keep them from maximizing growth. Despite continuing COVID-19 challenges, Fresno’s office market has demonstrated remarkable durability.
Download Fresno Office Market Report 3Q20Fresno Industrial Market
| Average Asking Rent (Price/SF) | $0.35 |
| Vacancy Rate (%) | 6.5% |
| Net Absorption (SF) | 38,088 |
Midway through 2016, the industrial market is doing well. As with most California industrial markets, the regional marketplace, including Fresno and Visalia, is absorbing space and experiencing increasing values. Demand for existing space across most product types is steady and supply is decreasing. The results are expected: New development is occurring and asking prices are increasing. Concerns about ag-related businesses scaling back operations due to the drought have not materialized, which bodes well for the region, especially if there is a wet winter and spring. Overall, the sentiment in the market is that the local and regional economy is reasonably strong, and there are few concerns that negative changes are on the horizon.