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Sonoma Market Reports

1Q22

Market Stabilizing

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Direct Full Service Asking Rent (Price/SF) $1.88
Vacancy Rate 13.6%
Net Absorption (SF)10,198

The office vacancy rate in the Sonoma market decreased to 13.6% in the first quarter of 2022, a 10-basis-point drop from the fourth quarter of 2021 and a 100-basis-point year-over-year change. Net absorption remained on the positive side of flat at 10,198 square feet; the second quarter of positive absorption since the beginning of the pandemic.


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