LoginMarket Research
R&D Market Research/Reports
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California
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Peninsula/San Mateo County R&D Market Report
First Quarter 2013
The San Mateo County R&D market finished the first quarter of 2013 with positive net absorption and an average vacancy rate of 10.8%. This is a decrease from the 2012 average of 11.31%. Average asking rental rates increased $0.04 from the fourth quarter rate to $1.61 per square foot/NNN. With the life science and technology sectors leading the way of the national economic recovery process, and the Peninsula being a centralized location for these sectors, the R&D market is expected to see continued stability.
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Silicon Valley R&D Market Report
First Quarter 2013
Strong deal volume in the first quarter of 2013 was not enough to outpace new space becoming available in the R&D market in Silicon Valley. Despite over two million square feet of gross absorption so far this year, vacancy rose as a result of 445,792 square feet of negative net absorption. With all of the year-end excitement in the investment sales market, we expected the beginning of 2013 to be slow as tenants and landlords get a feel for where the market will head throughout the year. Vacancy increased 0.33% to 14.28%, which will give active tenants more options when looking for new space. Rental rates increased gradually, averaging $1.37 per square foot across Silicon Valley.
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California
-
Peninsula/San Mateo County R&D Market Report
First Quarter 2013The San Mateo County R&D market finished the first quarter of 2013 with positive net absorption and an average vacancy rate of 10.8%. This is a decrease from the 2012 average of 11.31%. Average asking rental rates increased $0.04 from the fourth quarter rate to $1.61 per square foot/NNN. With the life science and technology sectors leading the way of the national economic recovery process, and the Peninsula being a centralized location for these sectors, the R&D market is expected to see continued stability.
-
Silicon Valley R&D Market Report
First Quarter 2013Strong deal volume in the first quarter of 2013 was not enough to outpace new space becoming available in the R&D market in Silicon Valley. Despite over two million square feet of gross absorption so far this year, vacancy rose as a result of 445,792 square feet of negative net absorption. With all of the year-end excitement in the investment sales market, we expected the beginning of 2013 to be slow as tenants and landlords get a feel for where the market will head throughout the year. Vacancy increased 0.33% to 14.28%, which will give active tenants more options when looking for new space. Rental rates increased gradually, averaging $1.37 per square foot across Silicon Valley.