North I-680 Office Market
The vacancy rate increased to 24.3% in the fourth quarter of 2024, with net absorption being negative, the market experienced an additional 36,696 square feet of negative absorption. Leasing pace/tenants in market is strong with good migration activity to North I-680 from Oakland and San Francisco. The energy of buildings with high occupancy and “new deal momentum” are attracting prospective tenants. The push to bring employees to full buildings is preferred as employers look to stabilize or build the office culture.