For Immediate Release

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

PLEASANTON, Calif. — As the economic landscape continues to evolve, Hacienda, the largest business development of its kind in Northern California, remains focused on growth and innovation; traits that hold promise for improved occupancy in 2024. Increases in inquiries and prospects of some tenant expansion are ongoing reflections of the region's resilience and positive outlook for the region as a whole, as recently outlined in this month’s Hacienda Pulse article.

Despite the global challenges posed by the pandemic, the Tri-Valley area has emerged as a hub for diverse industries, including education, professional services, IT, healthcare, and life sciences, underpinned by a culture of innovation fostered by national laboratories and local incubators. The area's economy benefits from a highly educated workforce, flexible commercial real estate options, and a growing population, making it an attractive location for emerging industries, particularly in life sciences and climate technology.

Carline Au, Head of Planning and Strategy for East Bay Economic Development Alliance (East Bay EDA) sees the region as an increasingly attractive location for emerging industries, particularly in life sciences and climate technology. “Compared to the inner Bay Area, the Tri-Valley offers more flexible commercial real estate options that have allowed companies to co-locate their administrative offices, research and development, and manufacturing in a campus setting or in close proximity to one another,” she said. “The Tri-Valley has been an emerging hot spot for life sciences, artificial intelligence, and climate tech companies.”

Occupancy and Leasing

Hacienda’s occupancy figures at the close of February came to 6,832,809 square feet, a number slightly lower from the previous month. Most of the year-to-date activity continues to be from available space under 10,000 square feet, which accounted for 87.5% of all transactions and just over 54% of the total volume of leased space. Conversely, 12.5% of deals were in spaces sized 10,000 - 50,000 square feet, accounting for close to 46% of all space leased during the year.

Hacienda is renowned for its role in fostering innovation and commerce and last year welcomed a roster of distinguished new tenants and renewals, among them relocations within Hacienda by ADP and Inneos, and renewal leases by Walovich Architects Group. New leases were executed by Shea Homes and the Regional Parks Foundation. At the close of the year, overall industry representation within the development saw some slight changes. Leading the industry representation was the business services sector at 1,523,088 square feet, followed by biomedical companies at 1,121,006 square feet, software development at 553,154 square feet, and manufacturing at 498,570 square feet. The tenant mix spans many other industries as well including retail, hotels, health, education, and consumer goods, underscoring the region's abundant employment opportunities.

Hacienda continues to cement its status as a pivotal regional employment center with Kaiser being the largest employer with a workforce in the thousands. Notable organizations such as Boeing, Caltrans, CooperVision, The Gap, Morgan Stanley, Oracle, Roche Molecular Systems, Verizon, and Walmart Stores thrive within Hacienda's dynamic environment, reaffirming its position as a premier hub for innovation, commerce, and diverse career pathways in the Bay Area.

The spectrum of industries represented within Hacienda is easily accessible through the site's Business Locator, offering comprehensive insights into its diverse tenant roster. Whether seeking information on recent arrivals, specific companies, or industry types, the Business Locator serves as a valuable resource for businesses, professionals, and stakeholders alike.

"As the year progresses, we continue to see a rise in activity and interest, and we feel confident that we will have new tenant activity to announce in the coming months," remarked James Paxson, Hacienda’s general manager. "While we note a slight decrease in occupancy in our most recent review, the overall direction remains positive. The narrative is predominantly shaped by smaller spaces, while larger areas make their mark with strategic importance. With the first quarter drawing to a close, our occupancy stands at a total of over 6.8 million square feet, a testament to the enduring resilience and further potential within Hacienda's confines."

Hacienda 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 2020 US Census and 2022 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

People come to the San Francisco Bay Area for many reasons: a spectacular natural setting, a sophisticated lifestyle, and unique professional opportunities. Quality of life means having the best of everything within easy reach, whether it's world-class restaurants, theater and museums, the best learning institutions in the country, or some of the finest services available.

Quality of life applies to business, too: having easy access to needed resources, being among other industry leaders, and knowing that you are part of a region that leads the world in innovation. When working and living environments both enhance quality of life, the result is an unbeatable combination that leads to success; and that is what you will find at Hacienda.

Centered in a dynamic region and propelled by the Standard Metropolitan Statistical Areas of San Jose, Oakland, and San Francisco, the Bay Area is a robust economic region. Hacienda, located near the center of the Bay Area in Pleasanton, spans 875 acres and is home to over 630 companies employing approximately 15,700 people. In addition to being a hub for business, Hacienda also features homes for about 6,000 residents, offering a full spectrum of residential choices.

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