Gofo Leases 224,000 SQFT at 6015 Giant Road in Richmond, East Bay’s Largest Q3 Industrial Deal
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
Gofo, the three-year-old parcel carrier that has built a nationwide delivery network at breakneck speed, has signed a 224,000-square-foot new lease at 6015 Giant Road in Richmond, the biggest deal among CBRE's key thi…
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