What’s ahead for Sonoma, Solano, Napa, Marin commercial real estate in 2022?
The Business Journal asked key experts who broker many of the deals in Sonoma, Solano, Marin and Napa counties to recount market highlights in the past 12 months and what the future might hold.
Demand from e-commerce and logistics firms propels Solano-Napa industrial deals
Over 1.7 million square feet of new developments are coming to those counties, but the office market still suffers from impact of the pandemic on indoor work, write Chris Neeb, Glen Dowling and Matt Bracco of The Dowling-Bracco Team of JLL.
North Sonoma County industrial real estate active amid scant vacancy
Amazon and other companies pursue industrial projects near Charles M. Schulz-Sonoma County Airport, writes Shawn Johnson of Keegan & Coppin Co. Inc.
Supply limits brisk Petaluma industrial deals
And office leasing activity in the southern Sonoma County city is picking up for ample market choices, writes James Manley of Keegan & Coppin Co. Inc.
North Marin office market emerges from pandemic pause
Companies return to space shopping as virus-related restrictions ease, and firms are more confident to sign longer leases, writes Haden Ongaro of Newmark.
Demand for South-Central Marin offices rises as mask rules end
Larger employers have been slower to bring employees back for in-person work and to commit to spaces as the pandemic restrictions ease, writes Whitney Strotz of Cushman & Wakefield.
Santa Rosa office market steady as employers adjust post-COVID plans
Hybrid work has accelerated, possibly changing the future of the jobsite, writes Dave Peterson of Keegan & Coppin Co. Inc.
Sonoma, Napa and Solano apartment investments benefit from suburb migration
Construction of multifamily units and sales of complexes are part of California’s drive for more housing options, writes Scott Gerber of NorCal Commercial.
Marin County apartment investments surge as COVID rent restrictions end
Low vacancy and rent growth drive off-market deals for multifamily properties, writes Katherine Higgins of Berkshire Hathaway/Drysdale Properties.
Signs bode well for North Bay commercial property market
The leasing rate of commercial buildings accelerated in 2021 over 2020 throughout the North Bay. That reflects business confidence and the local economy, writes Al Coppin, president of Keegan & Coppin Co. Inc.
How Marin County commercial real estate has changed over 2 decades
Little new construction, replacement of offices with homes, fewer brokers, these are some of the profound changes to the market, writes Matt Brown of Meridian Commercial.
See previous insights on local commercial property markets here.
