MR_FAI_17Q3_OFC_175x227A Relatively Quiet Quarter

The Solano and Napa counties’ office market experienced a relatively quiet third quarter of 2017. The vacancy rate increased slightly from 14.9 percent to 15.5 percent in the quarter. Net absorption in the quarter was negative 32,373 square feet. The combined average asking rate across all classes of office in the third quarter increased from $1.76 to $1.79 per square foot per month full service (FS).