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Rents Pushing Old-Line Tenants East

After 15 years in the city, Huffco Inc. it moving to Stockton.

By David Scholz | Updated on July 28, 2000

OAKLAND, CA—A maker of doormats from recycled tires is relocating to Stockton, a move symbolic of the rising rents for all types of commercial space in the San Francisco Bay Area. After 15 years in the city, Huffco Inc. is relinquishing its hold on 40,000 sf here for 57,000 feet in Stockton. Some are calling it another sign that Oakland is at risk of losing its blue-collar tradition.

Despite news of a building owner backlash against risky dot-com tenants, the Internet is a key cog that is driving the Bay Area’s current economy, Richard Marshall, an industrial broker for Cushman & Wakefield, told GlobeSt.com. The greater demand and altered use for space these tenants are creating has prompted rents for industrial space to rise approximately 30% from a year ago, he said.

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