San Joaquin Data Compass
The data guide for San Joaquin.
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Commercial & Industrial Infrastructure

What is the state of commercial and industrial property vacancy and rents in San Joaquin County?

San Joaquin County’s commercial and industrial real estate market continues to evolve, with significant growth in certain sectors. Industrial rental rates have shown a steady increase since 2020, while office rates have experienced more volatility.

40%

Industrial rental rates increased by 40% from Q1 2020 to Q2 2026, reflecting growing demand for warehouse and logistics space in San Joaquin County.

49.3%

Office vacancy rates decreased by 49.3% from Q1 2020 to Q2 2026, highlighting the impact of changing work patterns on commercial real estate demand.

3.5%

Office vacancy rates reached 3.5% in Q2 2026, indicating shifting demand patterns in the commercial office sector.

Commercial & Industrial

    Office and Industrial Rental Rates

    San Joaquin County’s real estate market has shown diverging trends between office and industrial properties. Industrial rental rates have seen consistent growth, rising from $0.55 per square foot in Q1 2020 to $0.77 per square foot in Q2 2026, a 40% increase reflecting the strong demand for logistics and warehouse space. In contrast, office rental rates have experienced more modest growth, rising from $1.69 to $1.85 per square foot over the same period, an increase of only 9.5%. These trends highlight the county’s growing importance as a logistics hub and the changing nature of office work post-pandemic.

    40%

    Industrial rental rates increased by 40% from Q1 2020 to Q2 2026, reflecting growing demand for warehouse and logistics space in San Joaquin County.

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    Office and Industrial Rental Rates ($ per sq ft)
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    Source: Colliers, San Joaquin County Commercial Real Estate Market Reports, Q1 2020 – Q2 2026. County totals, not the Stockton submarket. Rents are dollars per square foot per month: office is full-service gross and industrial is triple-net, so the two series are not directly comparable.

    Office and Industrial Vacancy Rates

    Vacancy rates in San Joaquin County commercial real estate reveal important market dynamics. Office vacancy rates decreased from 6.9% in Q1 2020 to 3.5% by Q2 2026, reflecting changing work patterns. Industrial vacancy rates, after initially dropping from 7.0% to a low of 5.3% in Q3 2022, rose to 8.7% by Q4 2025 before easing to 7.1% in Q2 2026. This recent increase in industrial vacancies suggests a potential market adjustment after rapid development in the logistics sector. These trends provide crucial context for developers, investors, and policymakers considering commercial infrastructure investments in the county.

    49.3%

    Office vacancy rates decreased by 49.3% from Q1 2020 to Q2 2026, highlighting the impact of changing work patterns on commercial real estate demand.

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    Office and Industrial Vacancy Rates (%)
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    Source: Colliers, San Joaquin County Commercial Real Estate Market Reports, Q1 2020 – Q2 2026. County totals, not the Stockton submarket. Vacancy is space standing empty; it is not the same as availability, which also counts space marketed for lease while still occupied.