Vacancy Shifts Course and Declines
After increasing for the first three quarters of 2018, the office vacancy rate in Solano and Napa counties declined in the fourth quarter, dipping from 16.5 to 16.1 percent. Net absorption for the quarter was positive 19,682 square feet. The combined average asking rate across all classes of office continues to steadily rise, increasing in the fourth quarter from $1.91 to $1.96 per square foot per month full service (FS).
Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.