Commercial Real Estate Report
Author: William A. Saks
Sep, 2008 Issue
Given the state of the housing industry and credit markets, is the commercial real estate office sector poised for a downhill spiral following its 2007 peak? While many believe the housing sector controls the fate of our economy, it actually accounts for only 4% of the U.S. Gross Domestic Product (USGDP).
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Author: NAI BT Terranomics
Sep, 2008 Issue
For the second quarter of 2008, Marin County’s overall average asking rate for office space increased $0.04 from the close of first quarter 2008 to $2.79 per rentable square foot (full service) at the close of the second quarter. This increase in asking rate coincided with a minor, 10-basis-point decrease in vacancy countywide from 13.3% in the first quarter of the year to 13.2% for the second.
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Author: NAI BT Terranomics
Sep, 2008 Issue
The Sonoma County office market experienced a slight increase in vacancy, while the average asking rate saw a subtle $0.02 decline in the second quarter of 2008. Sonoma County posted an overall vacancy rate of 24.9% at the halfway mark of the year, up from 24.1% in first quarter 2008, while its average asking rate decreased $0.02 to $1.88 per rentable square foot (full service). Class A space was 31% vacant, whereas Class B space was 15.2% vacant. The gap in asking rates among the two classes was much more narrowly defined, with Class A averaging $1.89 and Class B at $1.81.
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Author: William A. Saks
Jun, 2008 Issue
Like most, I shudder when I hear the words “economic recession,” yet every newspaper around the country is talking about it. When will it happen? Has it already started? More important to us, will Napa County be affected?
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