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2021 Q4 Solano & Napa Office Market Research Report

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Leasing Remains Limited, Increase in Sales

MR_FAI_21Q4_OFC_175x227The office vacancy rate in Solano and Napa counties increased fractionally in the fourth quarter of 2021 from 18.0 percent to 18.1 percent. Leasing activity remains limited as many companies have postponed their return-to-office dates again. However, there were two sales of greater than 50,000 square feet in a quarter for the first time in more than a year. Net absorption was negative 5,945 square feet for the fourth quarter. The combined average asking rate across all classes of office remained flat at $1.99 per square foot per month full-service gross (FSG).

 

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2021 Q4 Solano & Napa Office Market Research Report

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Related Experts

Scott Ellis

Executive Managing Director

Walnut Creek

Scott originally started his career in commercial real estate at Grubb & Ellis, where he served for 20 years as Office Division Director.  Scott then joined Colliers Parrish International in Walnut Creek in 2000 where he spent 11 years as Senior Vice President and Office Division Director and recently returned as Executive Managing Director.

Over the past 30 years, Scott has been regarded as one of the top office brokers in the north I-680 corridor.  During his career, he has successfully leased over 5,000,000 square feet of office space and brokered over $920,000,000 in office building sales.  Scott has brokered three of the largest leases ever done in the I-680 market to such companies as PG&E, Contra Costa County and Wells Fargo.  During his career, Scott has consistently been awarded top overall office division producer, Office Broker of the Year and Circle of Excellence. 

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Bill Kampton

Senior Vice President

Fairfield

Since beginning his real estate career in 1987, Bill has focused on properties located in Napa County. Commercial properties such as warehouse, flex, office, development and land have been Bill’s core deals with most of these transactions being located in Napa, American Canyon, St. Helena and Sonoma. Having lived in Napa since 1973, Bill has developed a network of business associates and personal relationships that have continually proved to be a valuable resource in assisting his client’s with their property needs.

Prior to joining Colliers International, Bill was with Coldwell Banker Commercial where he was consistently the top commercial producer. Since joining Colliers, Bill has finished in the top commission tier almost every year. Bill was part of the Colliers team that recorded the largest commercial land transaction in Napa County consisting of 218 acres representing Biagi Wine Estates and RREEF America. 75% of the transactions Bill is involved in are related to the wine industry, helping find facilities for such things as case good storage, bottling and production. He also assists in analyzing financial packages and scenarios.

In his thirty plus years in real estate, Bill has developed an impressive list of clients and forged many strong relationships which he is now able to leverage in his real estate endeavors.

COMMUNITY INVOLVEMENT 
Bill is active in the local community serving on many community and governmental boards/commissions most notably the City of Napa Planning Commission for two terms where Bill served as chairman for two years. He has also served as President of the St. Apollinaris School Board and is currently Treasurer for the Napa High School Sports Boosters. 

PERSONAL BACKGROUND 
Bill and his wife, Susan, have four children and as a family they enjoy mountain biking, snowboarding and adventurous vacations.

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