San Francisco North Bay MarketBeat Reports

The North Bay office vacancy rate closed the third quarter of 2021 at 12.9%, a quarterly increase of just 20 basis points.

The North Bay industrial market closed the second quarter with an overall vacancy rate of 5.7%, recording its third consecutive quarter of positive net absorption. 

After increasing for five consecutive quarters, the retail vacancy rate in the San Francisco / North Bay region showed a quarterly decline in the second quarter of 2021.

The Napa Solano office market recorded overall vacancy at the end of the fourth quarter at 7.9%, a 10 basis point increase from the third quarter figure of 7.8%. Modest leasing activity persisted, with little available space coming online.

The Napa and Solano County industrial market had its fourth consecutive quarter in the black, recording 857,301 sf of positive net absorption.