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2022 Q2 Solano & Napa Office Market Research Report

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Summer Slowdown

MR_FAI_22Q2_OFC_554x350The office vacancy rate in Solano and Napa counties held firm the second quarter of 2022 at 18.5 percent, the same as last quarter. Office leasing and sales activity remain limited as the office market is trying to figure out what the new normal is since the pandemic. Net absorption was negative 18 square feet for the second quarter. The combined average asking rate across all classes of office slightly increased to $2.02 per square foot per month full-service gross (FSG), up from $1.99 last quarter.

 

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2022 Q2 Solano & Napa Office Market Research Report

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