In particular, Stuart highlighted Pleasanton, which boasts housing prices similar to San Mateo, but office rents coming in at a third of the cost of space in the Silicon Valley. He also pondered the fate of the market in Concord, where housing and office rents are at least 30 percent below neighboring Walnut Creek.
Meanwhile, farther out in Fairfield, the boom is beginning to take shape. Brooks Pedder, managing partner out of Colliers' Fairfield office reports that next year, 550,000 sf of space is in the pipeline for delivery next year.
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