Large leases, sales tighten Napa, Solano industrial market

Industrial real estate of Solano and Napa counties showed significant improvement in 2012 over 2011, as several significant leases were completed and some significant buildings sold. The overall industrial vacancy rate in Napa and Solano counties dropped for the seventh consecutive quarter at the end of 2012.

[caption id="attachment_30978" align="alignnone" width="135"] Glen Dowling[/caption]

[caption id="attachment_30979" align="alignnone" width="135"] Matt Bracco[/caption]

[caption id="attachment_30977" align="alignnone" width="135"] Chris Neeb[/caption]

The fourth-quarter vacancy rate for both counties fell to 8.98 percent from 10.6 percent a year before. Solano County vacancy decreased to 10.6 percent a year-end 2012 from 12.8 percent a year before. The rate in neighboring Napa County dropped to 5.5 percent from 7.2 percent during the same time period.

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