Business Corner
Highlighting new businesses, permit activity and other information.
Building Permit Activity (Most Notable):
Valley Christian applies for new sanctuary building
Crosswinds Church to renovate offices and doors
Grocery Outlet - tenant improvement
Petco - tenant improvement
Applications into Planning (Most Notable):
Circuit City building - facade improvement (SDR application)
Meeting with Businesses:
Councilmember Don Biddle, City of Dublin Staff and myself met with Supergen as part of the City’s Business Visitation Program. Supergen is in the process of executing a five year lease/extension in Dublin Corporate Center.
Sales Tax Numbers for Quarter 1 - 2010
Our first quarter sales tax numbers are in and they show a modest increase of 9.4% over the same quarter one year ago.
Office Market Report
Cornish and Carey have issued their 2nd Quarter Office Market Report. In brief, absorption in the Tri-Vally was a positive 178,037 square feet. This is the first quarter of positive absorption in the last eight consecutive quarters and created a drop in vacancy of 37 basis points. In Dublin, office vacancy is about 21 percent with the average rate of $1.75 per square foot.
