skip to Main Content
Experience You Can Bank On ®        (707) 521-3500
10-Year Industrial History In The North Bay

10-Year Industrial History in the North Bay

The North Bay industrial market has changed significantly over the past ten years. As the attached chart shows in 2007 we were at the end of a strong market. After hitting bottom in 2009 the market was started to improve. In 2017 the market is strong but inventory is low. The cannabis industry is pushing the cost per square foot ever higher. Since June 2017 the average selling price per square foot dramatically increased to $215.

2007
Average Price per Square Foot: $105
Average CAP Rate:6.9%
Average Building Size: $23,401

2012
Average Price per Square Foot: $76
Average CAP Rate: 8%
Average Building Size: 21,209

2017 (YTD)
Average Price per Square Foot: $165**
Average CAP Rate: 5.6%
Average Building Size: 16,364
**note the period from 6/2017 to 12/2017 the price per sf was $215

Leave a Reply

Your email address will not be published.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

Back To Top
Close search
Search