Stockton Posts Highest Industrial Availability Rate in Northern California

The Stockton industrial market has been one of Northern California’s most consistent performers over the past decade. During that time, the vacancy rate has fallen from nearly 16% to its current levels of below 5.5%. This has coincided with 34 million square feet of new construction, a function of significant demand over a long period. Demand from e-commerce and third-party logistics has been unceasing as firms in those industries look for locations to serve the 10 million people living in the Bay Area and Sacramento. Interestingly though, the availability rate for Stockton is the highest in all Northern California among markets with 500,000 residents or more.