Solano & Napa Commercial Vacancy Rates Could Be Better

Industrial spaces for rent have high vacancy rates in Solano and Napa counties.  During the latter quarter of 2010, it was about 15.8%. As for Solano County’s main government and business capital Fairfield, its vacant commercial space for rent was around 15.6%, increasing from maybe 14.9% the previous quarter. Vacaville  which is primarily a bedroom community with nice retail and dining spaces for rent is at around 20.9% - it was about 21%. Napa is about14.7%, down from around 15.5%.

Fairfield Economic Development Manager Mr. Curt Johnston believes a vacancy rate for commercial Solano real estate is healthy if it’s about 8.0%.  Others strongly believe the vacancy rate for commercial Solano real estate is healthy when it is below 4%.  Solano and Napa County are again over built with too much commercial Solano real estate.

Big Solano Business Image Without Big Price

Enjoy a big Solano business image without some big price tag. The Solano Virtual Office™ is only $75/mo. A full time office suite rents from only $375/mo including many amenities. It beats the small home office image.

Your professional Solano County business image at California Business Center has many benefits.  Get access to a private office suite rental by the hour. Enjoy affordable support, and keep your overhead costs low.  The cost effective value is a great alternative to renting full time office space. www.CBCFairfield.com Your Solano virtual office can be set up virtually the same day.

Solano Virtual Office™ is great for the Solano start-up, small and home-based Solano businesses. Also get risk free expansion into the Solano County market comprising probably over 410,000 people (still waiting for better final Solano County census figures).

Why Office Space Rental Tenants Pay Too Much In Fairfield, Suisun, Vacaville, Vallejo, etc!

Question is why do most Solano businesses pay too much for their office overhead and leasing costs?

If you don't charge enough then Solano office space landlords don't have the budget to market and pay 10% referral fees.  For example Fairfield, Suisun and Vacaville Office Suite Rentals Then Solano commercial landlords need to pay someone to go down and show the office space for lease.  Next small suites usually rent for a one year lease.  In this economy, many Solano office suite tenants break the lease after the landlord already paid their broker's commission.

Despite all this, in today's market Solano office suite rentals start from $375/mo at www.neari80.com with conference rooms, receptionist, internet, kitchens, janitorial, utilities, library, fax and more.  They'll even answer the phone in your Solano company name, screen calls, then patch the calls to your cell or home phone.  This nice property is more affordable because it was over built for the market.  The previous Solano executive suite and office business incubator space lost around $2,000,000 when they sold the property.  The new office building has a small mortgage and long term loyal staff (saves for having to rehire and retrain).  Future blogs will go into more detail.

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Too Many Office Suites For Rent? Commercial Real Estate Mortgage Delinquecies Improving.

Solano Office Space Rentals Looking A Bit Brighter

Too Many Solano Office Suites For Rent? Solano Commercial Real Estate Mortgage Delinquecies Improving. Naturally each pocket of Solano County is different.

Remember choices for office spaces for rent in Dixon, Rio Vista and Benicia are limited. Fairfield being the county and business capital of Solano County has the most wide range of choices because there's more demand in Fairfield and Suisun.  Vacaville is a great place to live, but more of a bedroom community focused on retail and dining. Vallejo is getting out of bankruptcy.

The Solano Office space delinquency rate (based on commercial loans in California) dropped in the fourth quarter of 2010.  See California Mortgage Bankers Association for details.

In 4th quarter of 2010, maybe 0.78 percent of California commercial loans were "delinquent". California's rate 1.28 percent in the earlier quarter. It seems 99.2% of California commercial real estate loans in Dec 2010 current were just one payment behind.