Modesto Commercial Real Estate Average Rents in Area

	Average Rents for Industrial, Office, Retail and Medical Office Space in the Modesto/Stanislaus County Area** (Nota bene: because of the way the information is collected, there is some double counting between categories - e.g., some office may also be listed as medical office, some retail could also be listed as office, some industrial could be listed as retail. Rather than attempting to delete all the double counting, it is left in because it reflects the fact that some spaces may qualify in different categories.)
	Offered on	Total Square Feet	Average Price Per Square Foot	Average Size - Square Feet	Number of Spaces
Industrial April 2008	Gross lease basis	571,083	$0.58	5,711	100
	Industrial gross lease basis	4,450	$0.58	2,225	2
	Modified gross lease basis	25,979	$0.67	2,362	11
	Net lease basis	335,361	$0.65	22,357	15
	Total	936,873			128
Medical Office April 2008	Full service lease basis	3,483	$1.40	1,161	3
	Gross lease basis	12,051	$1.79	3,013	4
	Net lease basis	34,750	$1.60	2,317	15
	Total	50,284			22
Office April 2008	Full service lease basis	18,121	$1.58	1,208	15
	Gross lease basis	237,396	$1.76	3,957	119
	Modified gross lease basis	101,470	$1.25	2,602	39
	Net lease basis	164,564	$1.41	2,992	55
	Total	521,551			228
Retail April 2008	Gross lease basis	119,458	$.93	3,063	39
	Modified gross lease basis	11,424	$1.22	1,904	6
	Net lease basis	194,832	$1.50	3,747	52
	Total	325,714			97
Industrial March 2008	Gross lease basis	661,394	$0.57	6,299	105
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	28,975	$0.72	1,811	16
	Net lease basis	549,346	$0.58	28,913	19
	Total	1,247,875			143
Medical Office March 2008	Full service lease basis	3,483	$1.40	1,161	3
	Gross lease basis	12,057	$1.83	2,411	5
	Net lease basis	30,977	$1.60	1,822	17
	Total	46,517			25
Office March 2008	Full service lease basis	24,365	$1.54	1,282	19
	Gross lease basis	253,884	$1.78	2,047	124
	Modified gross lease basis	114,177	$1.21	2,537	45
	Net lease basis	166,113	$1.43	2,769	60
	Total	558,539			248
Retail March 2008	Gross lease basis	105,988	$1.04	3,655	29
	Modified gross lease basis	15,948	$1.10	1,772	9
	Net lease basis	275,388	$1.54	3,879	71
	Total	397,324			109
Industrial February 2008	Gross lease basis	645,218	$0.57	6,145	105
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	31,325	$0.69	1,843	17
	Net lease basis	539,435	$0.57	29,969	18
	Total	1,224,138			143
Medical Office February 2008	Full service lease basis	3,483	$1.40	1,161	3
	Gross lease basis	12,057	$1.83	2,411	5
	Net lease basis	30,977	$1.60	1,822	17
	Total	46,517			25
Office February 2008	Full service lease basis	29,365	$1.52	1,468	20
	Gross lease basis	244,339	$1.28	2,182	112
	Modified gross lease basis	72,430	$1.21	2,336	31
	Net lease basis	151,126	$1.47	2,906	52
	Total	497,260			215
Retail February 2008	Gross lease basis	99,014	$0.99	3,094	32
	Modified gross lease basis	18,448	$1.04	1,845	10
	Net lease basis	259,705	$1.54	4,122	63
	Total	377,167			105
Industrial January 2008	Gross lease basis	665,963	$0.57	6,529	102
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	35,993	$0.70	1,800	20
	Net lease basis	594,904	$0.57	28,329	21
	Total	1,305,020			146
Medical Office January 2008	Full service lease basis	3,483	$1.40	1,161	3
	Gross lease basis	12,057	$1.83	2,411	5
	Net lease basis	28,977	$1.59	1,811	16
	Total	44,517			24
Office January 2008	Full service lease basis	17,090	$1.43	1,315	13
	Gross lease basis	208,311	$1.26	2,104	99
	Modified gross lease basis	79,763	$1.23	2,099	38
	Net lease basis	179,617	$1.48	3,151	57
	Total	484,781			207
Retail January 2008	Gross lease basis	86,288	$0.97	2,76	30
	Modified gross lease basis	18,114	$0.89	1,811	10
	Net lease basis	267,143	$1.55	4,048	66
	Total	371,545			106
December 2007 Unavailable
Industrial November 2007	Gross lease basis	627,744	$0.58	8,048	78
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	31,265	$0.77	1,954	16
	Net lease basis	406,769	$0.64	22,598	18
	Total	1,073,938			115
Medical Office November 2007	Full service lease basis	2,683	$1.63	1,342	2
	Gross lease basis	12,057	$1.83	2,411	5
	Net lease basis	26,693	$1.60	1,907	14
	Total	41,433			21
Office November 2007	Full service lease basis	18,747	$1.54	1,562	12
	Gross lease basis	190,174	$1.28	2,348	81
	Modified gross lease basis	74,173	$1.12	2,005	37
	Net lease basis	137,027	$1.51	3,426	40
	Total	420,121			170
Retail November 2007	Gross lease basis	80,100	$0.92	3,641	22
	Modified gross lease basis	33,437	$0.89	2,388	14
	Net lease basis	206,038	$1.56	3,816	54
	Total	319,575			90
Industrial October 2007	Gross lease basis	584,364	$0.58	8,594	68
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	28,940	$0.80	1,929	15
	Net lease basis	424,726	$0.64	23,596	18
	Total	1,046,190			104
Medical Office October 2007	Full service lease basis	2,683	$1.63	1,342	2
	Gross lease basis	10,159	$1.78	2,540	4
	Net lease basis	24,209	$1.70	2,421	10
	Total	37,051			16
Office October 2007	Full service lease basis	18,747	$1.54	1,562	12
	Gross lease basis	166,493	$1.31

Modesto Commercial Real Estate Average Commercial Rents in the Area
Commercial property listings for sale or lease in the Modesto Area, Stanislaus County and the Central Valley of California
Ron Roaks 209-759-3147 rlroaks@prucommercialre.com	Dave Tanner 209-758-3108 dtanner@prucommercialre.com