North I-680 Office Market
| Average Asking Rent (Price/SF) | $2.94 |
| Vacancy Rate (%) | 20.9% |
| Net Absorption (SF) | -102,378 |
As the pandemic continues to move into its later stages, it is becoming clear that more and more companies are recognizing having an office is still critical. While the question of how much space and where the office space is needed remains one of the hottest topics out there, activity levels have started to regain their momentum and most companies are starting to plan some form of return to the office. Commitments to long-term leases are becoming more plentiful versus an anomaly. Companies are realizing having an office is not a yes or no option with a growing number of firms implementing a hybrid strategy that will allow their employees to come to the office to “Collaborate, Create, and Celebrate,” to regain the ever-important company culture that has been lost during the pandemic.