Lee & Associates East Bay, Inc. is proud to present the Mid-Year Retail Review. This commercial real estate summary covers Livermore, Pleasanton, Dublin, San Ramon, and Danville.

1. Livermore
Total Inventory: 1,980,395
Total Available: 212,860
Total Absorption 2013: +8,546
Vacancy Rate 2Q13 & % Change From 4Q12: 10.75% (-.42%)
Pleasanton
Total Inventory: 2,112,427
Total Available: 143,143
Total Absorption 2013: +40,531
Vacancy Rate 2Q13 & % Change From 4Q12: 6.78% (-1.91%)
Dublin
Total Inventory: 2,772,678
Total Available: 286,312
Total Absorption 2013: +35,478
Vacancy Rate 2Q13 & % Change From 4Q12: 10.33% (-1.28%)
San Ramon
Total Inventory: 1,650,478
Total Available: 94,009
Total Absorption 2013: +13,551
Vacancy Rate 2Q13 & % Change From 4Q12: 5.70% (-0.82%)
Danville
Total Inventory: 1,039,449
Total Available: 44,806
Total Absorption 2013: -6,857
Vacancy Rate 2Q13 & % Change From 4Q12: 4.31% (+0.36%)
Lee & Associates maintains an up-to-date database of all available properties and sold/leased properties.
For more local commercial real estate news, insight, and gossip visit me at www.thestorefront.wordpress.com
MARKET SNAPSHOT
RECENT TRANSACTIONS
Center
Arroyo
Downtown
Iron Horse
Size (SF)
2,333
10,000
2,300
Date
Q1
Q2
Q1
City
Livermore
Pleasanton
Danville
Tenant
Koko Fit Club
Work Bench True Value
Danville Pet Store
DOWNTOWN VACANCY COMPARISON
DOWNTOWN VACANCY COMPARISON
MID-YEAR RETAIL REVIEW
Lee & Associates Tri-Valley Retail Market Report
2nd
Quarter2013
HISTORIC VACANCY RATES
Inventory: Total square footage of retail space in the market not including malls and
downtown storefronts
Availability: Square footage that is marketed for lease which is available within 90 days. This
also includes sublease space.
Absorption: The change in availability from the previous year.
Vacancy: The percent of available space based on the total inventory.
Triple Net Expenses (NNN): A lease agreement where the Tenant is responsible for their
proportionate share of taxes, insurance, maintenance and building repairs. Triple Net
Expenses are in addition to base rent.
Livermore
Total Inventory 395,357
Total Available From 17,858
Vacancy Rate January 2013 4.52%
Pleasanton
Total Inventory 402,860
Total Available From 18,799
Vacancy Rate January 2013 4.67%
Danville
Total Inventory 431,485
Total Available From 16,215
Vacancy Rate January 2013 4.31%
KEY TERMS & DEFINITIONS
If the commercial real estate market kept pace with Dow Jones Industrial Average, I
would be on vacation right now. But it didn’t and I’m not. Despite small improvements
in the market overall, vacancy rates remained relatively flat. This is to be expected,
without big box vacancies and an influx of new construction, the inventory of retail
product remains unchanged. Despite the numbers not looking all that impressive, the
small gains equate to shopping centers being fully leased. As predicted on the last
Retail Review, the Class A centers with grocery anchors were the first to fill and the
secondary centers are beginning to see the spill over. Simply put, vacancy is steady,
inventory is low, and prices are rising.
How much are prices rising? Asking rents have increased by about ten percent across
the board, more in highly-valued pockets. The big shift is in concessions; free rent has
dramatically decreased as have tenant improvement allowances.
The retail sales market is a bit different. The lack of any inventory has driven prices
dramatically up, that is, if you can find a retail asset for purchase. Capitalization rates
remain extremely low, six percent and below on newer construction with strong ten-
ants. Even assets with subpar tenants in subpar condition are selling like hot-cakes.
The retail sales market is truly a“seller’s market”.
-Jessica Mauser, Associate & Retail Specialist
SUMMARY
Address
7000 Village Parkway
294 Railroad Avenue
4808 Dublin Boulevard
City
Dublin
Danville
Dublin
Date
Q1
Q1
Q2
Size (SF)
7,076
2,879
5,697
Price
$2.225m ($314 PSF)
$1.250m ($435 PSF)
$3.500m ($614 PSF)

2. Exclusive Lee Listings
2
Lee & Associates - Your Retail 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 Representatio n Tenant Representation
Retail - Office - Industrial
FOR LEASE
Livermore Valley Plaza
Downtown Livermore
FOR SALE
Multi-Tenant Retail Strip
7000 Village Parkway
RETAIL OFFICE INDUSTRIAL
Jessica Mauser
Retail Specialist
* 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
5890 Stoneridge Drive, Suite 210
Pleasanton, CA 94588
(925) 460-6200
(925) 460-6210
www.lee-associates.com
The Lee Retail Team is experienced in both Tenant and
Landlord representation and has been active in the Easy Bay
commercial real estate market for a combined 17 years. As
retail specialists, they have worked with a number or local
restaurants, retailers, and landlords in sales and leasing of
shopping centers and storefronts.
For the most up to date market information, follow Jessica
on her blog www.TheStrorefront.wordpress.com.
FOR LEASE
Arroyo Plaza
North Livermore Ave.
Recently Completed Tenant Rep Assignments
LEASED!
Home Depot Center
Super Cuts
LEASED!
Waterford, Dublin
Armadillo Willy’s
John Blatter
Retail Specialist
LEASED!
1135 2nd Street, Brentwood
Dad’s Cafe
Tim Willett
Retail Specialist
2nd
Quarter2013
Lee & Associates Tri-Valley Retail Market Report
MID-YEAR RETAIL REVIEW
SOLD
LEASED