Vacancy Remained Low Throughout 2017
Vacancy in the industrial market in Solano and Napa counties remained low throughout the year of 2017. The vacancy rate remained essentially flat in the fourth quarter, bumping upwards from 6.1 to 6.2 percent. Net absorption for the quarter was negative 36,614 square feet. Average asking rates increased by two cents to $0.54 per square foot per month Triple Net (NNN) in the quarter.
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