industrial for lease | Calco Commercial, Inc.

Category: industrial for lease (7)

Oct

Calco Commercial Real Estate News: 111 S. Maple Avenue – SOLD

Calco Commercial represented the Buyer in the recent purchase of 111 S. Maple Avenue in South San Francisco. 111 South Maple Avenue consists of 27,360+/- square feet of commercial warehouse construction situated on a larger 1.25 acre lot. The warehouse boasts high ceilings, heavy power and close proximity to Highway 101, I-280, I-380 and SFO.

Calco Commercial has completed nearly 60 lease and sale transactions over the last year, representing approximately 450,000 square feet of commercial product. Calco continues to lead the San Francisco brokerage industrial marketplace. The Bay Area commercial properties continue to demand premium rental and sale rates as inventory and vacancies shrink.

Calco Commercial is a full service outfit that can help you make the most of your real estate properties and investments. If you would like to discuss your real estate options, or would simply like more information related to current market conditions, please call our office at 415.970.0000.

Jul

National CRE News: US Office Real Estate Market Grows; Businesses Continue To Add Office Jobs

At Midyear, Accelerating New Office Supply Held In Check By Strong Absorption
U.S. Office Market Reaches Supply-Demand ‘Sweet Spot’ as Tenants Trade Up to Higher-Quality Space Despite Rising Rents
Source: CoStar
Reporter: Randyl Drummer
Posted: June 22, 2015

U.S. office market demand growth rebounded in the second quarter of 2015 following slower-than-expected net absorption in the first three months of the year as businesses continued to add office jobs and lease space.

Net absorption roared to 25 million square feet in the second quarter, the second-highest quarter for demand growth since 2006 and more than double the 12 million square feet absorbed during the first quarter.

After years of slow and steady increase in office supply, the level of office space under construction reached 124 million square feet in the second quarter, the highest total since 2009 and slightly eclipsing the 15-year average of 122 million square feet.

Rent growth reached s 4% annual rate in the first half of 2015, while the national office vacancy rate declined 20 basis points to 11.2%. The 27 million square feet of new office space deliveries in the first half of 2015 exceeded the historical first-half average of 21 million square feet, reflecting a relatively healthy office market and broader economy.

“We’re at a supply/demand balance — a really sweet spot in the market cycle for the office market,” said Walter Page, CoStar Group, Inc. director of U.S. research, office, joined by Senior Manager, Market Analytics Aaron Jodka and Managing Director Hans Nordby for CoStar’s State of the U.S. Office Market Midyear 2015 Review and Forecast.

Link to Article: Highest Q2 Office Net Absorption in 7 Years

Jul

San Francisco Industrial Mid-Year Real Estate Market Overview 2015

San Francisco’s Vacancy Decreases for the 12th Consecutive Quarter to 3.1%
Source: CoStar

The San Francisco Industrial market ended the second quarter 2015 with a vacancy rate of 3.1%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 307,426 square feet in the second quarter. Vacant sublease space decreased in the quarter, end- ing the quarter at 306,979 square feet. Rental rates ended the second quarter at $17.26, an increase over the previous quarter. There was 293,100 square feet still under construction at the end of the quarter.

Absorption
Net absorption for the overall San Francisco Industrial market was positive 307,426 square feet in the second quarter
2015. That compares to positive 120,002 square feet in the first quarter 2015, positive 266,214 square feet in the fourth quarter
2014, and negative (22,710) square feet in the third quarter 2014.

The Flex building market recorded net absorption of posi- tive 178,179 square feet in the second quarter 2015, compared to positive 33,684 square feet in the first quarter 2015, positive 125,780 in the fourth quarter 2014, and positive 140,779 in the third quarter 2014.

The Warehouse building market recorded net absorp- tion of positive 129,247 square feet in the second quarter 2015 compared to positive 86,318 square feet in the first quarter 2015, positive 140,434 in the fourth quarter 2014, and negative (163,489) in the third quarter 2014.

Vacancy
The Industrial vacancy rate in the San Francisco market area decreased to 3.1% at the end of the second quarter 2015. The vacancy rate remained at 3.7% at the end of the first quarter 2015 compared to the previous quarter, and 4.0% at the end of the third quarter 2014.

Flex projects reported a vacancy rate of 4.4% at the end of the second quarter 2015, remained at 5.3% at the end of the first quarter 2015 compared to the previous quarter, and 5.8% at the end of the third quarter 2014.

Warehouse projects reported a vacancy rate of 2.7% at the end of the second quarter 2015, 3.2% at the end of first quarter 2015, 3.1% at the end of the fourth quarter 2014, and 3.3% at the end of the third quarter 2014.

Sublease Vacancy
The amount of vacant sublease space in the San Francisco market decreased to 306,979 square feet by the end of the second quarter 2015, from 333,754 square feet at the end of the first quarter 2015. There was 285,144 square feet vacant at the end of the fourth quarter 2014 and 290,380 square feet at the end of the third quarter 2014.

San Francisco’s Flex projects reported vacant sublease space of 164,850 square feet at the end of second quarter 2015, down from the 186,108 square feet reported at the end of the first quarter 2015. There were 208,699 square feet of sublease space vacant at the end of the fourth quarter 2014, and 91,366 square feet at the end of the third quarter 2014.

Warehouse projects reported decreased vacant sublease space from the first quarter 2015 to the second quarter 2015. Sublease vacancy went from 147,646 square feet to 142,129 square feet during that time. There was 76,445 square feet at the end of the fourth quarter 2014, and 199,014 square feet at the end of the third quarter 2014.

Rental Rates
The average quoted asking rental rate for available Industrial space was $17.26 per square foot per year at the end of the second quarter 2015 in the San Francisco market area. This represented a 5.4% increase in quoted rental rates from the end of the first quarter 2015, when rents were reported at $16.38 per square foot.

The average quoted rate within the Flex sector was $27.89 per square foot at the end of the second quarter 2015, while Warehouse rates stood at $13.03. At the end of the first quarter 2015, Flex rates were $26.53 per square foot, and Warehouse rates were $12.20.

May

Calco Commercial News: 360 Barneveld – Sold

Calco Commercial Real Estate has sold 360 Barneveld Avenue. 360 Barneveld Avenue consists of 3,775+/- square feet of clear span warehouse with 16′ ceilings and second floor offices. The property includes one (1) large drive-in door and is located in the Bayshore Corridor Area.

If you have any questions about the San Francisco & Peninsula commercial real estate markets or any of our available listings, call our office at 415.970.0000.

Feb

Calco Commercial Real Estate: Recent Lease Transactions

Calco Commercial Real Estate has recently leased the following warehouses and offices in the San Francisco marketplace:

540 Barnveld Avenue. This clearspan warehouse space has one (1) drive-in loading door and is 3,950+/- square feet of commercial space and is part of the Valhalla Real Estate Industrial Complex in San Francisco.

455 Barneveld. This 5,830+/- square foot clear span warehouse includes one (1) drive-in loading door and is located within the Valhalla Real Estate Industrial Complex in San Francisco.

3130 20th Street #175. This 3,326+/- square foot Central Mission creative space included private and open areas, ground floor location and on-site parking availability.

75 Industrial. This 22,000+/- square foot clearspan warehouse includes a real yard, two (2) drive-in loading doors, and a high identity corner location in the Bayshore Area of San Francisco.

360 Bayshore Boulevard. This 5,720+/- square foot clearspan warehouse includes one (1) large roll-up door, a small office and a central Bayshore Corridor location. Zoned PDR-1G with the Bayshore Home Improvement Designation, 360 Bayshore Boulevard also allows for retail uses.

2170 Cesar Chavez. This 12,500+/- square foot clearspan warehouse includes four (4) docks, one (1) drive-in loading door, a small office and a large exterior loading and parking area.

If you have any questions about our available properties, or the San Francisco or Peninsula commercial real estate markets, call our office at 415.970.0000.

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Nov

2170 Cesar Chavez – 12,500+/- SF Warehouse for Lease

12,500+/- square feet of superb and centrally located distribution space will be available for lease December 1, 2014 at 2170 Cesar Chavez. The space includes 4 docks, 1 drive-in loading door, a small office area and large exterior loading and parking. The lease rate is $1.25 PSF, IG. 2170 Cesar Chavez is located off the Bayshore Corridor and within close proximity to Highway 101 and I-280.

For more information on this property, our other commercial real estate listings, or the San Francisco marketplace, call 415.970.0000.

Sep

6,300+/- SF Prime Warehouse/Distribution Space for Lease

820 26th Street is now available for lease. This 6,300+/- SF warehouse/distribution space is totally clearspan with 20′ ceilings, sprinklers, heavy power and two (2) large drive-in doors. The property is situated only one block from the 3rd Street rail line and is located in the Dogpatch/Potrero Hill area. $8,700.00/month ($1.38 psf.)

If you have any questions about this property or the San Francisco commercial real estate market, please call 415.970.0000.