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 November 2008	Gross lease basis	642,333	$0.57	5,018	128
	Industrial gross lease basis	26,540	$0.61	3,318	8
	Modified gross lease basis	24,815	$0.61	2,482	10
	Net lease basis	366,461	$0.46	28,189	13
	Total	1,060,149			159
Medical Office November 2008	Full service lease basis	1,770	$1.73	590	3
	Gross lease basis	12,886	$1.41	2,577	5
	Net lease basis	25,405	$1.58	2,823	9
	Total	40,061			17
Office November 2008	Full service lease basis	29,902	$1.50	1,031	29
	Gross lease basis	240,885	$1.15	1,927	125
	Modified gross lease basis	101,846	$1.28	2,484	41
	Net lease basis	173,098	$1.38	2,663	65
	Total	545,731			260
Retail November 2008	Gross lease basis	162,193	$.99	3,004	54
	Modified gross lease basis	12,114	$1.40	1,731	7
	Net lease basis	553,703	$1.44	6,836	81
	Total	728,010			142
Industrial October 2008	Gross lease basis	734,343	$0.57	5,922	124
	Industrial gross lease basis	26,540	$0.61	3,318	8
	Modified gross lease basis	24,815	$0.61	2,482	10
	Net lease basis	378,961	$0.59	23,685	16
	Total	1,164,659			158
Medical Office October 2008	Full service lease basis	1,770	1.73	590	3
	Gross lease basis	13,791	$1.51	2,299	6
	Net lease basis	26,805	$1.61	2,681	10
	Total	42,366			19
Office October 2008	Full service lease basis	29,902	$1.50	1,031	29
	Gross lease basis	254,684	$1.17	1,915	133
	Modified gross lease basis	113,068	$1.29	2,692	42
	Net lease basis	208,977	$1.39	2,943	71
	Total	606,631			275
Retail October 2008	Gross lease basis	166,893	$.92	3,149	53
	Modified gross lease basis	7,934	$1.44	1,984	4
	Net lease basis	549,574	$1.44	6,870	80
	Total	724,401			137
Industrial August 2008	Gross lease basis	686,848	$0.58	6,025	114
	Industrial gross lease basis	22,060	$0.57	3,677	6
	Modified gross lease basis	22,979	$0.66	2,553	9
	Net lease basis	423,911	$0.59	24,936	17
	Total	1,155,798			146
Medical Office August 2008	Full service lease basis	1,600	$1.10	800	2
	Gross lease basis	12,886	$1.66	2,577	5
	Net lease basis	28,089	$1.59	2,554	11
	Total	42,575			18
Office August 2008	Full service lease basis	30,844	$1.48	1,064	29
	Gross lease basis	263,557	$1.20	1,924	137
	Modified gross lease basis	119,525	$1.30	2,656	45
	Net lease basis	210,181	$1.42	2,919	72
	Total	624,107			283
Retail August 2008	Gross lease basis	154,327	$.93	2,087	50
	Modified gross lease basis	7,934	$1.44	1,984	4
	Net lease basis	541,990	$1.49	7,131	76
	Total	704,251			130
Industrial July 2008	Gross lease basis	666,598	$0.59	6,060	110
	Industrial gross lease basis	22,060	$0.57	3,677	6
	Modified gross lease basis	22,979	$0.66	2,553	9
	Net lease basis	423,911	$0.59	24,936	17
	Total	1,135,548			142
Medical Office July 2008	Full service lease basis	1,600	$1.10	800	2
	Gross lease basis	12,051	$1.79	3,013	4
	Net lease basis	28,089	$1.59	2,554	11
	Total	41,740			17
Office July 2008	Full service lease basis	27,379	$1.54	1,095	25
	Gross lease basis	253,739	$1.24	1,952	130
	Modified gross lease basis	128,371	$1.27	2,674	48
	Net lease basis	210,811	$1.43	2,888	73
	Total	620,300			276
Retail July 2008	Gross lease basis	139,367	$.96	3,318	42
	Modified gross lease basis	9,684	$1.31	1,937	5
	Net lease basis	582,329	$1.52	7,869	74
	Total	731,380			121
Industrial June 2008	Gross lease basis	654,180	$0.59	6,114	107
	Industrial gross lease basis	22,060	$0.57	3,677	6
	Modified gross lease basis	22,979	$0.66	2,553	9
	Net lease basis	423,911	$0.59	24,936	17
	Total	1,123,130			139
Medical Office June 2008	Full service lease basis	1,600	$1.10	800	2
	Gross lease basis	12,051	$1.79	3,013	4
	Net lease basis	28,089	$1.59	2,554	11
	Total	41,740			17
Office June 2008	Full service lease basis	27,379	$1.54	1,095	25
	Gross lease basis	236,085	$1.24	1,919	123
	Modified gross lease basis	108,228	$1.25	2,640	41
	Net lease basis	206,276	$1.43	2,947	70
	Total	577,968			259
Retail June 2008	Gross lease basis	133,867	$.95	1,937	41
	Modified gross lease basis	9,684	$1.31	1,937	5
	Net lease basis	577,129	$1.52	7,799	74
	Total	720,680			120
Industrial May 2008	Gross lease basis	717,271	$0.58	6,462	111
	Industrial gross lease basis	23,560	$0.56	3,336	7
	Modified gross lease basis	24,779	$0.65	2,478	10
	Net lease basis	412,111	$0.59	25,757	16
	Total	1,177,721			144
Medical Office May 2008	Full service lease basis	1,600	$1.10	800	2
	Gross lease basis	12,051	$1.79	3,013	4
	Net lease basis	31,490	$1.61	2,249	14
	Total	45,141			20
Office May 2008	Full service lease basis	27,379	$1.54	1,095	25
	Gross lease basis	241,297	$1.25	1,964	124
	Modified gross lease basis	106,123	$1.26	2,653	40
	Net lease basis	210,811	$1.43	2,888	73
	Total	585,610			262
Retail May 2008	Gross lease basis	127,875	$.99	2,974	43
	Modified gross lease basis	11,424	$1.22	1,904	6
	Net lease basis	214,009	$1.42	3,147	68
	Total	353,308			117
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	2,250	74
	Modified gross lease basis	60,548	$1.10	1,835	33
	Net lease basis	155,623	$1.51	3,705	42
	Total	401,411			161
Retail October 2007	Gross lease basis	72,800	$0.88	4,044	18
	Modified gross lease basis	33,437	$0.89	2,388	14
	Net lease basis	212,804	$1.56	3,733	57
	Total	319,041			89
Industrial September 2007	Gross lease basis	550,829	$0.58	8,884	62
	Industrial gross lease basis	8,160	$0.57	2,720	3
	Modified gross lease basis	32,426	$0.77	1,907	17
	Net lease basis	411,995	$0.58	22,889	18
	Total	1,003,410			100
Medical Office September 2007	Full service lease basis	10,072	$1.90	1,439	7
	Gross lease basis	10,159	$1.78	2,540	4
	Net lease basis	85,084	$1.64	3,403	25
	Total	105,315			36
Office September 2007	Full service lease basis	31,453	$1.69	1,498	21
	Gross lease basis	161,080	$1.32	2,237	72
	Modified gross lease basis	69,985	$1.14	1,891	37
	Net lease basis	317,694	$1.57	4,604	69
	Total	580,212			199
Retail September 2007	Gross lease basis	60,300	$0.86	4,020	15
	Modified gross lease basis	33,437	$0.89	2,388	14
	Net lease basis	205,708	$1.56	3,673	56
	Total	299,445			85
Industrial August 2007	Gross lease basis	520,913	$0.58	9,302	56
	Industrial gross lease basis	17,880	$0.58	4,470	4
	Modified gross lease basis	38,486	$0.73	2,026	19
	Net lease basis	444,445	$0.58	22,222	20
	Total	1,021,724			99
Medical Office August 2007	Full service lease basis	11,872	$1.85	1,484	8
	Gross lease basis	10,159	$1.78	2,540	4
	Net lease basis	85,084	$1.64	3,403	25
	Total	107,115			37
Office August 2007	Full service lease basis	31,453	$1.69	1,498	21
	Gross lease basis	157,144	$1.29	2,245	70
	Modified gross lease basis	69,985	$1.14	1,891	37
	Net lease basis	322,189	$1.55	4,669	69
	Total	580,771			197
Retail August 2007	Gross lease basis	47,500	$0.94	4,750	10
	Modified gross lease basis	33,437	$0.89	2,388	14
	Net lease basis	209,404	$1.57	3,674	57
	Total	290,341			81
Industrial July 2007	Gross lease basis	522,888	$0.57	8,863	59
	Industrial gross lease basis	17,880	$0.58	4,470	4
	Modified gross lease basis	38,486	$0.73	2,026	19
	Net lease basis	584,445	$0.56	27,831	21
	Total	1,163,699			103
Medical Office July 2007	Full service lease basis	16,214	$1.87	1,802	9
	Gross lease basis	10,159	$1.78	2,540	4
	Net lease basis	83,684	$1.63	3,487	24
	Total	110,057			37
Office July 2007	Full service lease basis	34,354	$1.69	1,494	23
	Gross lease basis	149,393	$1.29	2,298	65
	Modified gross lease basis	82,895	$1.17	1,974	42
	Net lease basis	349,515	$1.58	4,854	72
	Total	616,157			202
Retail July 2007	Gross lease basis	51,800	$0.90	4,709	11
	Modified gross lease basis	33,437	$0.89	2,388	14
	Net lease basis	207,004	$1.55	3,697	56
	Total	292,241			81

**The information for this table is from the leasing inventory compiled by Way and Associates, Real Estate Appraisers, from information supplied by the agents and brokers in the area. This information is not a 100% sample but is a reasonable representation of the market. This information is deemed reliable but is not guaranteed. It should be noted that there is some double counting in the categories. For example, some of the spaces may be listed as both retail and office or industrial as well as retail.
Ron Roaks 209-758-3147 rlroaks@prucommercialre.com				Dave Tanner 209-758-3108 dtanner@prucommercialre.com
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Prudential Commercial Real Estate 1101 Sylvan Ave., Suite A25 Modesto, CA 95350 Phone 209-529-9610 Fax 209-521-4289 An Independently Owned and Operated Member of The Prudential Real Estate Affiliates, Inc. The sources of information about properties listed on this web site are deemed reliable but are not verified or guaranteed. All measurements, figures and information are approximate. All the property listings are subject to sale, price change or withdrawal at any time. Serving Modesto, Riverbank, Oakdale, Manteca, Tracy, Stockton, Turlock, Patterson, Ceres, Stanislaus County, Central Valley, Central California

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