The Central Valley industrial market was well positioned to meet the growing needs of occupiers as many companies raced to strengthen their supply chain this year due to the COVID-19 pandemic. Q4 2020 produced another strong quarter as net absorption for the quarter totaled 2.5 million sq. ft., pushing the year-end total to 6.5 million sq. ft. Total transactional activity for 2020 was robust as the market saw 11.3 million sq. ft. of occupier transactions signed, a 32% increase year-over-year.