Tri-Valley Office Market
The Tri Valley office and flex markets experienced positive absorption of 74,162 square feet in the fourth quarter of 2024. Asking rental rates remained relatively unchanged with only a couple submarkets showing decreases in the fourth quarter of 2024. There has been a slight increase in tenant demand compared to the second quarter of 2024. Tenants continue to be drawn to Class A space in buildings with better amenities and shared spaces.