2019 Q1 Solano and Napa Counties Industrial Market Research Report

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Q1 2019 Solano/Napa Industrial Market Research Report Hero Image

MR_FAI_19Q1_IND_175x227Vacancy Continues Its Downward Trajectory

Vacancy for industrial properties in Solano and Napa counties continued its downward trajectory in the first quarter of 2019. The combined vacancy rate declined from 5.2 percent to 4.0 percent in the quarter. Furthermore, the vacancy rate has declined 2.9 percent from its rate of 6.9 percent a year ago. Net absorption for the quarter was positive 694,568 square feet. Average asking rates increased from $0.57 to $0.63 per square foot per month triple net (NNN) this quarter.

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2019 Q1 Solano and Napa Counties Industrial Market Research Report

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Rob Gerard

Senior Research Analyst

Fairfield

Rob joined the Fairfield office of Colliers International in 2010 as a Research Analyst, and previously was with the Santa Rosa office beginning in 2007.  Prior to that, Rob worked at a financial brokerage with a team of financial advisors where he was the team’s lead on research and analysis. 

A few of his many hobbies include traveling, sports, music and cooking, but most of all he enjoys spending time with his family.

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