| CONTRA COSTA
High-tech and bioscience are the fastest growing segments of the Contra Costa market. Lawrence Hazard, a partner in CRS, Commercial Real Estate Services, Walnut Creek, anticipates little special speculative development. He estimates the overall vacancy rate at less than 5 percent. The greatest demand is for warehouse and distribution buildings and, he predicts, construction of these products will increase by 11 to 15 percent for the second straight year. Manufacturing and high-tech/R&D development will proceed, but slower than last year, increasing from 1 percent to 5 percent. Hazard expects sales prices and rental rates to strengthen, but sales activity to remain slow. |
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