Cornish & Carey’s 2011 Q3 Northbay Office Space Report was just released. Thanks to Jerry Suyderhoud, MarinSpace Board Member and Senior Vice President, we’ve got the info hot off the presses (see Jerry’s contact info below if you’d like more information about this report or Cornish & Carey’s brokerage services).
Eventhough the report focuses on Class A and B space (while most nonprofits tend to occupy Class B- or C space), the general trend and comparative information may be helpful if you’re looking to move. Some of the highlights include:
- Rents from Central San Rafael to Novato are between $1 and $3.25
- Rents in Southern and Central Marin are between $1.45 and $5.50
- Vacancy rates are highest in Central San Rafael – 24% (due mainly to Corporate Center vacancies) and Novato – 22%
- Landlords continue to be more willing to provide periods of free rent, up to 1 month per year of term, in lieu of space improvements.
Click HERE for a copy of the full report. For more information about Cornish & Carey please contact Jerry Suyderhoud at:
Senior Vice President
Cornish & Carey Commercial
Newmark Knight Frank
RE License #00633998