For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
(925) 734-6500

PLEASANTON, Calif. — Vacancy within Hacienda has seen a significant increase in the first quarter reflecting trends seen nationally in the office market. Owing primarily to declines in occupancy within the office sector, vacancy overall in Hacienda has increased to 16.04%; a 2.34% increase in vacancy over the close of 2022. This change occurred even with a decrease in flex vacancy during the same time and no changes to either retail or warehouse vacancy. Just over 31,000 square feet of transactions have occurred to date since January 1. The park is the largest mixed-use development of its kind in Northern California.

"Hacienda has seen a marked increase in vacancy that is a direct reflection of office trends seen nationally. Two of Hacienda's largest tenants, faced with uncertainties about the future demand for their complexes by their organizations, have placed substantial blocks of their space on the market for lease," noted James Paxson, Hacienda's general manager. "We are continuing to see a number of reassessments happening related to office demand and tenant needs for space. However, it is important to note that, while in some cases these evaluations have resulted in companies surrendering space, in others it has meant a recommitment to Hacienda as their location of choice. We are also cautiously optimistic about the continued activity in the flex and retail sectors, and are watching as ongoing interest is expressed in these products."

Overview

The following overview will provide you with information on the most recent Hacienda activity pertaining to occupancy, tenants, sales and regional data of interest. Please also refer to selections found under the Project Overview section of our web site for related information.

Park Activity

• Occupancy and Major Tenant Transactions {Summary of occupancy information and major tenant activity}

• Development {Summary of development approvals and project construction information}

• Sales {Summary of project sales}

General

• Population {Summary of employee and residential population}

• Land Use Summary {Summary of activity by land use}

• Demographics (Area and Community) {Summary of demographic characteristics from 2010 US Census and 2019 American Community Surveys}

• Valuation {Summary of valuation}

Projects and Tenants

• Property Profiles {Summary of project specific information}

• Business Directory {Summary of businesses located in Hacienda}

About Hacienda

Hacienda is the largest development of its kind in Northern California. Over 10 million square feet of existing, mixed-use space is occupied by some 630 companies that locally employ over 15,700 people. Hacienda's businesses represent the best and the brightest of contemporary corporate America and provide the home to everything from small offices to regional centers to large campuses for company headquarters. In addition, Hacienda also features homes to approximately 6,000 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

Contact Information

Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California  94588-2738
(925) 734-6500 phone     (925) 734-6501 fax
info@hacienda.org e-mail     www.hacienda.org WWW