1. 4t
h
Qu
ar
te
Dublin, California
r2
01
0
Retail Market Report
Market Snapshot
Grocery Anchored Inventory: 722,071
Grocery Anchored Availability: 127,032
Grocery Anchored Vacancy Rate: 17.59%
Power/Life Style Inventory: 585,497
Power/Life Style Availability: 42,711
Power/Life Style Vacancy Rate: 7.12%
Free Standing Retail Inventory: 279,483
Free Standing Retail Availability: 79,201
Free Standing Retail Vacancy Rate: 28.34%
Retail Strip Center Inventory: 778,537
Retail Strip Center Availability: 85,259
Retail Strip Center Vacancy Rate: 10.95%
Total Retail Inventory: 2,365,588
Dublin Continues To Gain Steam Total Retail Availability:
Total Retail Absorption:
334,203
+ 131,346
Dublin Retail Vacancy Rate: 14.12%
Positive Absorption Fuels Dublin into 2011 Vacancy Rate by Product Type
The fourth quarter of 2010 showed a huge improvement for vacancy in Dublin. A
lease was executed by Sports Authority for half of the Former Mervyn’s space. REI Vacancy Rate by Product Type
will open a 20,000 square foot location at the vacant, half-built, building at 7099
Amador Valley Plaza Road and Waterford is completely leased with the addition of Free Standing
28.34%
Coco Cabana opening in February in the former Stacey’s Cafe space. The vacancy rate
dropped from over nineteen percent to just over fourteen percent this quarter alone.
Retail Strip Center 10.95%
The total square footage absorbed through Q3 and Q4 is over 195,000 square feet
which equates to more than an eight percent decrease over the year.
Grocery Anchored 17.59%
Other activity this quarter included Johnny Garlic’s signing a lease at the former Fuzio
space at Hacienda Crossings. Las Positas Community College also made a big invest- Power/Lifestyle Centers 7.12%
ment in Dublin real estate, purchasing a 67,000 square foot office building on Dublin
Boulevard and is in escrow on the former Chevy site. The community college is said
to be creating a mini-campus that is easily accessible by public transportation thanks
to the new West Dublin BART station.
Key Terms & Definitions
Inventory: Total square footage of retail space in the market
Construction has begun at the Fallon Gateway Shopping Center. Visible from I-580
the Target anchored center will include just over 370,000 square feet of retail Availability: Square footage that is marketed for lease which is available within 90
development. Target will open in October of 2011. West Dublin BART is set to open days. This also includes sublease space.
February 19th, 2011; the project is on-time as of now. Absorption: The change in availability from the previous quarter.
The City of Dublin is busy with new businesses currently going through the Vacancy: The percent of available space based on the total inventory.
Conditional Use Permit process. Look for continued leasing momentum through the
first half of 2011. Grocery Anchored: Shopping centers characterized by a grocery anchor such as
Safeway, Trader Joe’s, or Nob Hill. These centers are often more sought after and
fetch a higher lease rate.
Recent Transactions
Power/Life Style Centers: A Power Center offers a variety of big box retailers, such
Tenant Location Square Feet as Hacienda Crossings. Life Style centers cater to neighboring residential such as
Las Positas College** 7600 Dublin Blvd. 67,000 The Shops at Waterford, Tralee, and Avalon.
Sports Authority 7117 Regional Rd. 45,000
REI 7099 Amador Plaza Rd. 20,000 Free Standing: Stand-alone buildings commonly characterized by only having a
single tenant and that are larger than 10,000± square feet in size.
Coco Cabana Rest & Lounge* 4500 Tassajara Rd. 6,700
* - Jessica Stewart represented Tenant in the transaction Retail Strip Center: Smaller shopping centers that do not have a grocery anchor.
** - Building purchase
Triple Net Expenses (NNN): A lease agreement where the Tenant is responsible for
Lee & Associates maintains an up-to-date database of all available their proportionate share of taxes, insurance, maintenance and building repairs.
properties and sold/leased properties. Triple Net Expenses are in addition to base rent.
For more local commercial real estate news, insight, and gossip visit my blog! www.thestorefront.wordpress.com

2. 4t
h
Qu
Lee & Associates Dublin Retail Market Report
ar
te
QUARTER IN REVIEW
r2
01
0
Dublin Retail Vacancy and Rental Rates
Vacancy Rate vs. Average Asking Rate Tri-Valley Vacancy Report
$3.00 21.00%
20.10%
21.00%
19.64% 20.00%
$2.50 19.00%
19.00% 17.00%
$2.00 18.00% 15.00%
13.00%
17.00% 4Q10
$1.50 Vacancy 11.00%
16.00% 9.00% 3Q10
Average Asking Rate (NNN) 7.00% 2Q10
$1.00 15.00%
14.12%
5.00%
5 00%
14.00%
$0 50
$0.50
13.00%
$0.00 12.00%
2Q10 3Q10 4Q10
Exclusive Lee Listings
FOR SALE FOR LEASE FOR LEASE
7099 Amador Plaza Rd. 1,222± Square Feet 1,400± Square Feet
Developement Opportunity! Dublin Corners Dublin Corners
DING PENDING
S OLD PEN
L EASE L EASE
Lee & Associates - Your Commercial Real Estate Connection
Since 1979, our seasoned, motivated shareholders and professionals have been offering comprehensive quality service nationally and locally in a pro-active manner.
We develop customized solutions for all of your real estates needs through our market-to-market knowledge in all property types. Our unique business model and
extensive experience has helped us become one of the largest commercial real estate providers in the United States.
Services Offered:
Market Value Analysis Building Optimization Investment Sales
Site Search Landlord Representationn Tenant Representation
RETAIL OFFICE INDUSTRIAL
Jessica is experienced in both Tenant and Landlord
representation and has been active in the Easy Bay
commercial real estate market since 2006. Prior to joining
Lee & Associates in 2009, Jessica worked for Aegis Realty
5890 Stoneridge Drive, Suite 210 Partners in Oakland. As a retail specialist, she has worked
Pleasanton, CA 94588 with a number or local restaurants, retailers, and landlords in
(925) 460-6200 sales and leasing of shopping centers and storefronts.
(925) 460-6210 Jessica Stewart For the most up to date market information follow Jessica on
www.lee-associates.com Retail Specialist her blog www.TheStrorefront.wordpress.com.
* The property information/detail contained herein has been provided by the seller/lessor or has been obtained from other sources believed to be reliable,
and Lee & Associates - East Bay, Inc. has not independently verified such information’s accuracy. Lee & Associates - East Bay, Inc. makes no representations,
guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information provided herein nor the condition of the
property and expressly disclaims all such warranties, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Buyer/
Lessee should perform its own due diligence regarding the accuracy of the information upon which buyer/lessee relies when entering into any transaction
with seller/lessor herein. Further, the information provided herein, including any sale/lease terms, are being provided subject to errors, omissions, changes of
price or conditions, prior sale or lease, and withdrawal without notice.
* CoStar sourced for portion of market data 2