Friday, February 4, 2011

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.

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