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.
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