Retaining talent is the number one market driver for companies to take new construction space, causing rates and demand to rise in the Seattle and Bellevue metro office markets.
The marketing of a 45.37-acre site with direct access to Interstate 580, adjacent to a planned light rail station and just minutes from Livermore's Municipal Airport is a rare occurrence.
Residents will have access to health and wellness programs, nutrition and healthy food access, workforce development, adult and youth education support, and community engagement.
The increase in vacancy and availability was due to a combination of tenants seizing on attractive sublease offerings, thereby increasing direct vacancy upon move, and through an additional wave of sublease listings.
The 266,303-square-foot portfolio was purchased on behalf of Sterling Organization's institutional fund, Sterling Value Add Partners III, LP for an undisclosed amount.