Fairfield Q2 Industrial Market Report & Forecast
Industrial Market Cools, Yet Remains Healthy
After nine consecutive quarters of steady and significant vacancy rate declines, the industrial market in Solano and Napa counties cooled in the second quarter, as vacancy rates increased slightly from 7.2 percent to 7.6 percent. Net absorption was negative 256,081 square feet for the quarter. Average asking rates remained flat in the first quarter at $0.51 per square foot per month (psf/mo) Triple Net (NNN).