Commercial Development Guide 2013: Wine deals fill Solano County industrial vacancy

Following the lead of the southern Napa Valley industrial market, demand for newer large-scale warehousing with modern configurations and features to cost-effectively accommodate wine-related goods is driving the Solano County market too, along with expansion of other manufacturing.

"About three years ago, owners were having a hard time giving away wine warehouse space," said Eric Rehn, a Kennedy Wilson agent who is marketing space on Mare Island in Vallejo after having managed space there for 11 years. "We were looking at converting wine warehouses to produce warehouses. Now, wine warehouses are almost 100 percent leased, and developers are starting to build more."North Bay Commercial Leasing and Development GuideMarket reports

Marin County office vacancies fall, rents rise

Rebounded wine business drives new Napa County construction

Wine deals fill Solano County industrial vacancy

Retail, industrial lead Sonoma County marketLeasing guide

Download a PDF of the 2013 Commercial Development and Leasing Guide.

Sales of higher-priced wine that the North Coast is known for have been growing at double-digit rates during that time.

For the second consecutive quarter, the industrial market in Solano and Napa counties experienced significant vacancy decline, according to Colliers International’s Fairfield office, which covers Solano, Napa and parts of Contra Costa counties.

[caption id="attachment_84897" align="alignleft" width="360"] The planned expansion of Encore Glass kick-started half of a 791,000-square-foot, two-building warehouse project in Fairfield.[/caption]

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