Large spaces left vacant after Q1 2020

  • The San Francisco Peninsula industrial Market saw 245,766 sq. ft. of negative net absorption in Q1 2020, led by North San Mateo County, adding 218,500 sq. ft. of vacant space to the market.
  • The market-wide vacancy rate increased from 1.9% to 2.5% and availability rose by 20 basis points (bps) from 4.1% to 4.3%.