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2021 Q2 Pleasanton/Tri-Valley Office Market Research Report

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By Lisa Kohler

Return to the Office

MR_PLS_21Q2_OFC_175x227The Tri-Valley office market continues to recover from the pandemic crisis. With the return-to-work plans in place and tenants beginning to reoccupy, the focus to rebuild and re-energize employees is key. The personal connection of the office environment is directing companies to welcome back employees, reviving the office structure while moving business forward. Marketwide, vacancy increased 350 basis points to 14.8 percent from a year ago, resulting in an occupancy loss of 68,415 square feet for the quarter. Asking rates decreased 5.6 percent to $2.70 per square foot from the previous year. Currently, there is an additional 874,000 square feet of direct available space on the market; if included, the total vacancy in the Tri-Valley would be 18.0 percent.

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2021 Q2 Pleasanton/Tri-Valley Office Market Research Report

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Related Experts
Lisa Kohler | Colliers | Pleasanton

Lisa Kohler

Research Manager | East Bay & North Bay

Pleasanton

+1 925 227 6236
Email

Lisa is a member of the highly acclaimed Pleasanton Administrative team. 

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Michael Carrigg | Colliers | Pleasanton

Michael Carrigg

Executive Managing Director | EVP

Pleasanton

+1 925 227 6220
+1 510 681 3182
Email

Mike has been with Colliers since 2001. His focus is on representing both corporate tenants and institutional landlords in the East Bay with their local and national real estate needs. He acts as a single point of contact, assisting his clients with acquisitions, dispositions, lease negotiations, financial analysis, market analysis, lease administration and portfolio strategy. 

Mike has negotiated over 1,000 separate lease and/or sale transactions totaling in excess of $250,000,000 total transaction value. His vast experience in the market and the relationships he has developed give Mike first-hand knowledge to smoothly guide a client through the transaction process – from market analysis and economics to the eventual lease or sale negotiation. 

Mike is extremely committed to fostering relationships with his clients, as evidenced by the high level of service he provides before, during and well beyond any transaction. He is a man of high integrity and is a fun person to work with. 

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