Tenant requirements in the Oakland market dropped from the third to fourth quarter of last year in part because of one key pullback
Even as the East Bay’s industrial market continues to boom, one key group of prospective tenants is taking a step back.
That decline can be attributed, at least in part, to new caution exercised by advanced manufacturing tenants, said Bob Ferraro, an Oakland-based executive vice president for CBRE and veteran of the East Bay’s industrial market. “The clients I’m dealing with in the manufacturing sector are constantly battling budgeting. They’re looking at space, then they’re not, they’re looking at space, then they’re not,” he told me. “These companies have money, but they’re not sure if they’ll get more, and they’re budgeting. So they’re constantly playing with what they should plan to spend now.”
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