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2020 Q1 Solano and Napa Counties Office Market Research Report

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Deal Velocity Slows Significantly

MR_FAI_20Q1_OFC_175x227The office vacancy rate in Solano and Napa counties increased in the first quarter of 2020 from 14.7 percent to 15.2 percent. Deal velocity slowed significantly in the quarter as leasing activity was limited and there were no significant sales, user or investment. Absorption for the first quarter was negative 26,160 square feet. The combined average asking rate across all classes of office decreased by $0.02 to $2.01 per square foot per month full service (FS).

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2020 Q1 Solano and Napa Counties Office Market Research Report

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Randy Dixon

Regional Managing Director

Sacramento

Since joining Colliers in July 2010, Randy has put his priorities in building a team of leading market experts for each discipline and combining them with market leading support services and strong next generation brokers, that brokers can leverage to improve their business success.  He has successfully transitioned the culture of the brokers from a silo centric office of teams that work independently to a group that collaborates and leverages the expertise of those around them to improve their business success.  He has been committed to creating an environment where Colliers is giving back to the community and enjoying a fun place to work.

In 2019, Randy expanded his role to include oversight and leadership of the Reno office, and at the beginning of 2022 he has taken on the leadership role for the Puget Sound Seattle and Bellevue offices.  His priority for each of these offices continue to be to build the best culture and resources in the marketplace, and recruit a complement of brokers who add value to the team that others can leverage  to  improve their business success.

Prior to joining Colliers in July 2010, Randy was 22 years experience in Commercial Real Estate with Hines, a privately owned, international real estate firm that has provided the highest level of quality, service and value to its clients and investors.  Randy most recently was responsible for Asset Management services for the 39 properties totaling 3.5 million square feet as well as New Business for the Sacramento area.  Over his tenure with Hines he has worked in Seattle, San Francisco, Los Angeles and San Diego in building successful teams and providing oversight to Asset, Leasing, Property, Facilities and Construction Management services. 

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