Contra Costa County Leases 34,000 SQFT at Concord Gateway in Concord
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Contra Costa County has signed a 34,247-square-foot direct lease at 1850 Gateway Blvd, one of the two 10-story towers at Concord Gateway, placing a public tenant in a downtown Concord building that was marketing more…
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