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Why office rents are surging in these East Bay cities

2015-06-30 16:47:31| Chemicals - Topix.net

Rents are rising in the East Bay office submarket along the northern I-680 highway corridor as local companies expand, despite still-high vacancy rates and limited migration from companies outside the area, according to brokerage Newmark Cornish & Carey. The submarket, which includes Concord, Walnut Creek and Pleasant Hill, has seen rents increase in some areas by as much as 30 percent, said Tom Fehr , executive vice president and regional manager of Newmark Cornish & Carey.

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