North I-680 Office Market
|Average Asking Rent (Price/SF)||$2.94|
|Availability Rate (%)|
|Net Absorption (SF)||73,456|
After ending the 2021 year on a positive note, the momentum in the North I-680 office market has continued to pick up steam. Several large transactions were completed. The largest deal done in the first quarter of 2022 was the result of a relocation out of San Francisco and into the North I-680 Market. This is a trend that has long been anticipated, which may signal a sign of things to come. The prominent tech companies announced re-occupancy plans for their employees, which in turn has sparked momentum for all tenants to go back to their collective offices. Office building parking lots are filling up more noticeably than over the last two years.