Monthly update on key submarkets

| February 8, 2012 | 0 Comments

Our monthly look at a few markets of note:   Downtown Palo Alto saw average rents top $7.00 FS, an amazing 24% over a year ago, but only a modest gain since mid-year, surprising in light of continued low vacancies.  Possibly a market that has topped out.

Downtown Redwood City continues to pick up steam, with average rents there popping over 25% since mid-’11 to their $3.47 FS.  I expect rents in this small submarket to continue their growth.

Our last snapshot and my subsequent post on Sand Hill Road conditions led to an article in the SF Business Times.  Few in the local market expect dramatic movement here soon.

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