Vacancy Declines for the Third Consecutive Quarter
The vacancy rate for industrial properties in Solano and Napa counties declined for the third consecutive quarter. The combined vacancy rate at the end of the fourth quarter of 2018 was 5.2 percent, down 0.3 percentage points for the quarter and down 0.8 percentage points for the year. Net absorption for the quarter was positive 162,034 square feet. Average asking rates increased by $0.01 to $0.57 per square foot per month triple net (NNN) this quarter.
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