Market Update for June

| June 7, 2012 | 0 Comments

We don’t aggregate data for the Peninsula market area on a monthly basis, but our research team does provide great snapshots with some data that I find useful.  A few highlights, and links to our current reports:

  • San Mateo County is essentially the Peninsula minus its strongest submarkets (Palo Alto and Mtn View).   Without these two overheated pockets, perhaps this is a good view of broader conditions in the suburban markets.   The vacancy rate for San Mateo County is now at 12.45%.   I expect to see this start to level off over the next quarter.
  • I remain most interested in the emerging downtown Redwood City submarket, where vacancies continue to drift downward.  A lot of interesting stuff in the works here.
  • Our monthly downtown Palo Alto snapshot really has little of interest as that market remains flat.

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