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^ Today, across the Tri-Valley, the Class A office market is very strong, with average asking rents of $2.13 per square foot showing an increase of 15.8 percent from the last quarter of 2004 to the third quarter of 2005; though occupancy rates also fell by 1.7 percent during the same period. se.oo aaw sa.oo sz.so sz.oo s+.so si.oo so.so w.oo Historic Office Market Trends (Fourth Quarter), Pleasanton and the Tri-Valley tsse zooo zoos ztpz zoos zoos ®Pbwntan Oaupanq Rates O7rFVepey Oaupanq Rehr -~ Pbeserean Lease Rats - ~- TrFValb Lease Rates ,mx, too% aox sox ~g S sox zox zw ^ The Pleasanton office market is recovering, with vacancy rates dropping from 19.2 percent in 2002 to 13.9 percent in 2004 (just slightly higher than the 2004 Tri-Valley rate of 13.6 percent) and asking rents on the rise (from $1.60 to $1.75 between the fourth quarter of 2003 and 2004). Third quarter 2005 data showed average asking rents up to $2.05 and vacancy of 10.8 percent. ^ Pleasanton's industrial market is also rebounding, with vacancy rates down of 5.7 percent in third quarter 2005. Despite historical downward trends since 2001, industrial rents were also beginning to increase over the period with average asking rents up from $0.91 to $1.01 between the end of 2003 and 2004. High housing costs in Pleasanton reflect strong market demand and local quality o/ li/e. However this trend makes home ownership inaccessible to many Pleasanton workers. The 2005 median household income for Alameda County was $65,750 for atwo- person household and $82,200 for afour-person household. Calculations of affordable home sale prices indicate these households can afford to purchase a house for up to $243,290 (two-person household) or $304,946 (four-person