Commercial Real Estate News in North Bay Area
After a commercial real estate market in 2009 with relatively little leasing and even fewer sales, local experts are seeing early signs that 2010 could be noticeably better.
As the Great Recession continued deep into 2009, it proved another extremely challenging year.
The industrial markets of Napa and Solano counties are seeing a modest amount of demand as we head into 2010.
The Napa County retail shopping centers market ended 2009 with a vacancy of 3.9 percent, a slim decrease compared with 4.0 percent in 2008. The Solano County retail shopping centers market vacancy pushed into double-digits as it closed 2009 at 12.3 percent, compared with 7.2 percent at year-end 2008.
Assuming that historical indicators hold true, the recession is over, we are told, and the economy is starting to rebound at some level.