This months snapshot of key submarkets

| May 4, 2012 | 3 Comments

Once again, our research staff has delivered some very useful snapshots of some important local submarkets.  Downtown Palo Alto was really where the local market recovery started a few years back– but rents there have show no growth there in over six months, despite virtually no vacancy.  This market has almost certainly topped out.

Downtown Redwood City and, to a lesser degree, Downtown San Mateo will I think see some rent growth over the next few quarters– in Redwood City pretty substantial growth would not surprise me.  Rents in both these submarkets look quite favorable to competing locations with similar access to transportation and amenities.

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