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Market insight is the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

Recent Fairfield Market Reports

Industrial Warehouse Building
Regional Distribution Driving Tight Market

2017 Q2 | Solano & Napa Counties Industrial Market Report
Regional distribution continues to drive the tight industrial market in Solano and Napa counties in 2017. Construction of new warehouses continues as a result of this steady demand. The vacancy rate in the region increased in the second quarter to 7.3 percent from 6.2 percent. Net absorption for the quarter was negative 218,847 square feet. Average asking rates declined by one cent to $0.52 per square foot per month Triple Net (NNN) in the quarter.

To read more, download the full Q2 Industrial Market Report.

Commercial Office Space
Lower Unemployment, Lower Vacancy

2017 Q2 | Solano & Napa Counties Office Market Report
Napa and Solano counties’ office market vacancy rate declined in the second quarter of 2017 from 15.1 percent to 14.9 percent, the lowest level in the last ten years. Unemployment rates are typically an accurate predictor of office vacancy rates and unemployment has declined significantly since their recent peak during the Great Recession. Solano County’s unemployment rates is currently 4.3 percent, down from 13.1 percent in January 2011. Napa County’s unemployment rate has dropped at an even more pronounced rate over the same period from 11.4 percent to 3.4 percent currently. Net absorption in the quarter was positive 12,209 square feet. The combined average asking rate across all classes of office in the first quarter declined from $1.79 to $1.76 per square foot per month full service (FS). The explanation for the counter-intuitive decline in overall average asking rates amidst declining vacancy rates is there is now more office/flex space available than Class A office space available. Therefore Class A office’s higher rents are now less of a factor in the overall weighted average.

To read more, download the full Q2 Office Market Report.

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