skip to Main Content
Experience You Can Bank On ®        (707) 521-3500
Office Rental Rates Decrease 5.6%

Office Rental Rates Decrease 5.6%

The average quoted asking rental rate for available office space, including class A, B, & C buildings was $2.01 per square foot at the end of the second quarter 2017 in the North Bay/Santa Rosa market area. This represented a 5.6% decrease in quoted rental rates from the end of the first quarter 2017, when rents were reported at $2.20 per square foot. The average quoted rate within the Class-A sector was $2.67 at the end of the second quarter 2017, while Class-B rates stood at $2.24, and Class-C rates at $1.44. At the end of the first quarter 2017, Class-A rates were $2.52 per square foot, Class-B rates were $2.23, and Class-C rates were $1.78.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top
Close search
Search