Legacy Transportation Services Renews 195,000 SQFT Warehouse at 935 McLaughlin Avenue in San Jose
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. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 113th San Francisco story tracked on the wire in November 2026. All San Francisco coverage →
- Disclosed industrial deal value tracked in November 2026: $1.3B across 17 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
San Jose logistics and rigging firm Legacy Transportation Services has renewed its lease on the entire 194,536-square-foot warehouse at 935 McLaughlin Ave., one of the largest industrial commitments of the third quart…
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