Posts by Kevin Beaumonte
Tech & Biotech Firms Continue to Migrate to East Bay; R&D & Flex Market Steady
Kevin Beaumonte on February 11, 2020
![tech and biotech firms continue to migrate to east bay R and D and flex market steady hughes marino](https://hughesmarino.com/silicon-valley/wp-content/uploads/sites/9/tech-and-biotech-firms-continue-to-migrate-to-east-bay-R-and-D-and-flex-market-steady-hughes-marino.jpg)
As buildings continue to sell for all-time high pricing, rents proceed to follow the trend. At this point in the market’s cycle, most institutional grade buildings have sold. While a building selling is typically a catalyst for increased rent and operating costs, it must be met with increased space demand to maintain year-over-year growth. 2016 was the East Bay’s lowest vacancy percentage in the past 10 years, but since then, there has been a slight increase collectively across the region. The question remains—will rents begin to soften, and when?
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Kevin Beaumonte
Kevin Beaumonte is a vice president at Hughes Marino, a global corporate real estate advisory firm that specializes in representing tenants and buyers. Contact Kevin at 1-844-662-6635 or kevin.beaumonte@hughesmarino.com to learn more.