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.