Real Estate
The overall vacancy rate for Fresno is 5.6 percent, down 3.4 percent from the first quarter of 2006. Even though product is in short supply, asking rents seem to have reached a level of equilibrium with no significant increases in the last 12 months.
Continued growth of the Fresno office market is under way with 761,112 square feet currently under construction and an additional 763,000 square feet in the planning stages. The aggressive development of office space has led to a rise in overall vacancy to 9.6 percent, an increase of 1.3 percent since the first quarter of 2006.
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Market Trends
Industrial Market Trends
Total SF: 54,366,887
Vacancy: 5.6%
Industrial submarket map (PDF)Office Market Trends Total SF: 17,351,980
Vacancy: 9.6%
Office submarket map (PDF)Source:
Grubb & Ellis I Pearson Commercial
Contact Information
Economic Development Department
2600 Fresno Street, Room 2156-02
Fresno, CA 93721
Phone: (559) 621-8350