Undisclosed Tenant Signs 154,000 SQFT R&D Lease at 2020-2040 Williams Street, East Bay’s Largest of Q3, in San Leandro
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
An unnamed occupier has committed to 154,000 square feet of research and development space along San Leandro's Williams Street industrial corridor, a single deal large enough to hand the city more than 40 percent of a…
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