Hacienda, the largest business development of its kind in Northern California, has kicked off 2025 with promising occupancy trends and has once again been recognized in the Best Sites category as part of the 2025 Best Workplaces for Commuters awards. The BWC program’s National Standard of Excellence remains a benchmark for distinguished organizations committed to transforming the daily commute for more than 1.7 million individuals nationwide.
Occupancy & Leasing
Hacienda is beginning to show signs of improvement in occupancy levels recorded in early 2025. Year-to-date activity shows an uptick contributing to a positive outlook for the start of the year. In February, total occupancy reached 6,900,064 square feet, reflecting a 6,683 square-foot increase from the previous month.
Smaller spaces under 10,000 square feet drove all of the activity in February, making up 100% of all transactions and of the total leased volume. In contrast, last year, Hacienda secured some of the largest leases in the I-680 corridor. Sutter Bay Medical Foundation leased 64,222 square feet at 4480 Willow Road, while Acco Engineered Systems Inc. took 67,757 square feet at 5890 Owens Drive. Additionally, Sutter Health’s Palo Alto Medical Foundation signed a separate lease for 23,000 square feet at 5075 Hopyard Road as part of its broader initiative to develop over 25 new ambulatory care centers. Renovations for these spaces are scheduled to begin in 2025, with openings expected in 2026 and 2027.
Over the past year, Hacienda welcomed several prominent tenants, including STN, Inc., a computer consulting firm; Stanford Health Care Cancer Clinic Pleasanton; K&A Engineering Consulting; The Bay Area Fencing Club; Sutter Health Medical Center and Care Center; and ACCO Engineered Systems. Additionally, medical equipment supplier Calyxo, Inc. expanded its presence at Hacienda, and Sunbelt Controls, a construction engineering company, both relocated and expanded.
The business services sector continues to be the largest occupant, utilizing 1,823,342 square feet of space. Biomedical companies now occupy 1,163,099 square feet, while manufacturing and healthcare account for 471,332 and 392,522 square feet, respectively. Beyond these sectors, industries such as retail, hospitality, software development, education, and consumer goods further enhance Hacienda’s diverse tenant base, reflecting the broad spectrum of employment opportunities available throughout the Bay Area.
"In light of the positive momentum seen in Hacienda's occupancy figures at the start of 2025, we are pleased to observe continued growth heading into February, reinforcing our project's positive trajectory," said James Paxson, Hacienda’s general manager. "This sustained activity underscores the compelling value Hacienda offers businesses. We remain committed to cultivating a dynamic and supportive environment that attracts companies of all sizes and fosters a thriving business ecosystem."
Hacienda has once again been recognized in the Best Sites category as part of the 2025 Best Workplaces for Commuters. Achieving the BWC National Standard of Excellence requires participants to undergo a rigorous evaluation and demonstrate their commitment to exceeding nationally recognized benchmarks for outstanding commuter benefits. This dedication enhances employees' daily experiences and supports a more sustainable and efficient transportation network.
BWC members include a diverse range of organizations, including corporations, universities, colleges, and business sites, all of which play a key role in fostering commuter-friendly environments. Additionally, the program extends its influence through regional partners who actively advocate for and support BWC initiatives, amplifying their impact on communities across the nation.
The 2025 BWC list highlights organizations that have set the standard for efficient and cost-effective transportation solutions. These visionary companies recognize that a well-planned commuter strategy is a key driver in attracting and retaining top talent, boosting employee productivity and well-being, and supporting long-term business success.
“We are honored to once again be recognized as a Best Workplace for Commuters and to be part of a network committed to enhancing the commuting experience nationwide,” said James Paxson, Hacienda’s general manager. “At Hacienda, we understand the significant impact that exceptional commuter benefits have on the well-being of our employees and residents. This recognition reaffirms our dedication to creating a commuter-friendly environment and supporting sustainable transportation solutions. We are proud to stand with fellow BWC members in shaping the future of commuting.”
Population and Employment
By the end of the fourth quarter of 2024, Hacienda accommodated 14,988 employees across 683 companies. This number is anticipated to grow as new developments unfold and occupancy rates approach pre-pandemic levels.
Additionally, Hacienda's residential communities currently have approximately 5,844 residents, a figure that is expected to increase to 6,400 with ongoing housing developments.
As of the 2020 U.S. Census, the region’s population was 400,213. 60% of Tri-Valley residents hold a bachelor’s degree or higher, surpassing the educational attainment levels of both California and the broader Bay Area. This concentration of skilled professionals contributes to a robust labor force, making the Tri-Valley an attractive location for employers seeking top talent. In terms of demographics, 45.4% of residents are aged between 25 and 44, and over 58% report annual incomes exceeding $150,000. The region’s high quality of life, characterized by natural beauty, tight-knit communities, and top-notch schools with a graduation rate of 97%, further enhances its appeal to innovators and business leaders.
City of Pleasanton
Pleasanton's demographics reveal a highly educated workforce, with over 85% of residents having attended college and nearly 70% holding a college or professional degree. The city also enjoys a high household income, with over 75% of households earning more than $75,000 annually. Pleasanton is a young city, with nearly a third of the population under 19 and over a quarter aged between 20 and 54, indicating a substantial portion of residents in their prime career years. The city boasts a rich history and character showcased in its picturesque downtown, reflecting its commitment to a high quality of life. Hacienda exemplifies this with its excellent educational facilities, abundant recreational activities, and a favorable climate for enjoying sports facilities, parks, and golf courses.
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 15,000 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.
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