Tri-Valley Office MarketThe vacancy in Tri Valley remained the same 21.7% in the third quarter of 2023. As the market continues to recalibrate, vacancy is expected to rise with employers continuing to downsize. Asking rates have remained flat over the last three years, but they have slowly been decreasing in class A buildings. Tenant demand has dropped over the last year, however there are 11 tenants in the market looking for over 10 thousand square feet in Tri Valley. Tenants will continue to be drawn to buildings with better amenities, and unlike the height of the pandemic, the more activity in a building and the surrounding neighborhood, the greater the draw to the space.
Download Tri-Valley Office Market Report 3Q23