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Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street
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02/17/2026 Regular
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Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street
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2/11/2026 8:36:09 AM
Creation date
2/11/2026 7:53:57 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
17
Date
2/17/2026
Destruction Year
P
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Market Analysis <br />• The submarket achieved average asking rent of $33.69 per square foot, which indicates a small <br />decrease from the previous quarter's asking rent of $33.71 per square foot, and an increase from <br />the asking rent of $33.36 per square foot from last year. The submarket's current asking rent of <br />$33.69 per square foot is below the overall market asking rent of $39.17 per square foot. <br />Historical Inventory - Submarket <br />-_. -Zy a <br />:r�xc ors <br />�c� ooa <br />Eo.uc�,xa <br />:a�lppoa <br />INVENTORY: SANTA kNA RETAIL MARKET <br />1#�ifii5Md.9_36�]115,66.5&94:.%]S,iSi-+59C5.5 3,665.f�.455.595�Gf15.-054.T'St-__-__,.-93.ZMEI,5GUX4:4,G--_==1 .�3�.144r4..1111-'4iW-R�3.E314U 9AW <br />NMI <br />`vk G P-apdo� Com soArd m m Ca3'r3 <br />-%urtie: Costar. 2nd 4ua1bv rmty <br />Submarket Inventory is projected to be 7,057,073 square feet at the end of the current year, which <br />represents a small decrease from the previous year's submarket inventory of 7,057,921 square feet. <br />Inventory for next year is projected to be 7,047,728 square feet, reflecting a small decrease from the current <br />year. <br />CBRE VALUATION & ADVISORY SERVICES 16 © 2025 CBRE, INC <br />
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