Marin County Market Reports
| Direct Asking Rent (Price/SF) | $3.34 |
| Availability Rate (%) | 20.8% |
| Net Absorption (SF) | 67,074 |
Market activity continued to increase during the fourth quarter of 2021, with over 82,700 square feet of leasing. Market-wide, the fourth quarter saw over 67,000 square feet of positive net absorption, which marked the first quarter of positive net absorption seen since the second quarter of 2019. Marin County is showing signs of a shift towards pandemic recovery, and businesses show signs of adapting and reacting to the new variant. Notably, some companies are still shifting work preferences to a hybrid model and are selecting smaller spaces. With that being said, submarkets such as Southern Marin, Central Marin and Novato have all registered positive net absorption in the fourth quarter ranging from 18,000 to 50,000 square feet.
Download Marin County Office Market Report 4Q21