Vacancy Edges Lower in Fourth Quarter
The vacancy rate for office space in Solano and Napa counties edged lower in the fourth quarter of 2017 from 15.5 percent to 14.2 percent. Net absorption in the quarter was positive 63,610 square feet. The combined average asking rate across all classes of office in the fourth quarter increased from $1.79 to $1.82 per square foot per month full service (FS).
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