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Industrial Rental Rates Increase

Industrial Rental Rates Increase

The average quoted asking rental rate for available Industrial space in the North Bay/Santa Rosa market area was $.81 per square foot at the end of the second quarter 2017  This represented a 6.0% increase in quoted rental rates from the end of the first quarter 2017, when rents were reported at $.76 per square foot. The average quoted rate within the Flex sector was $1.38 per square foot at the end of the second quarter 2017, while Warehouse rates stood at $.69. At the end of the first quarter 2017, Flex rates were $1.38 per square foot, and Warehouse rates were $.66.

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