Local Business

Good year for industry

By From page B8 | January 27, 2014

FAIRFIELD — Solano and Napa counties in 2013 saw one of the strongest industrial markets in years, according to a report by Colliers International’s Fairfield office.

The industrial vacancy rate dropped 3.7 percent for the year to 7.5 percent, a Colliers report said. Demand for large warehouses has led to the Buzz Oates project on Cordelia Road in Fairfield, with two building totaling more than 800,000 square feet of space being built.

JMC Partners recently listed Gateway Business Park, the report said. The 52.4-acre parcel is across the street on Cordelia Road from the Buzz Oates project.

Fairfield has the lowest industrial vacancy rate in Solano County at 4.5 percent, the report said. Among the recent transactions in the city was DBI Beverage’s purchase of the 59,843-square-foot warehouse at 2449 S. Watney Way for $5.2 million, it said.

For the region’s office market, sales activity has returned but office leasing activity remains soft, the report said.

The vacancy rate for the fourth quarter of 2013 in Solano and Napa counties fell 0.7 percent to 22.1 percent, it said. Fairfield’s rate rose from 25.6 percent to 26 percent.

Do you have a Biz Buzz item? Reach Barry Eberling at 427-6929, or [email protected] Follow him on Twitter at www.twitter.com/beberlingdr.

Barry Eberling

Barry Eberling

Barry Eberling has been a reporter with the Daily Republic since 1987. He covers Solano County government, transportation, growth and the environment. He received his bachelors of art degree from the University of California, Santa Barbara and his masters degree in journalism from the University of California, Berkeley.

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