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Marin County Market Reports

Marin County Market Reports

Average Asking Rent (Price/SF)          $3.10
Availability Rate (%)         23.4%
Net Absorption (SF)    -237,446

Leasing activity was light in the fourth quarter. The top eight leases totaled 26,205 square feet, with an average rent of $3.57/SF. The average deal size was 3,275 square feet, with the largest measuring 7,140 square feet and the smallest 2,033 square feet. Significant vacancy was added to the market by three major developments. There were no new deliveries this quarter. High land and construction costs are barriers to new inventory development. Sales for the quarter slowed considerably. There were only two notable transactions for a total of 94,457 square feet, with an average cost of $280.55/SF.

Marin County Office Market Report
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