Sonoma County doesn’t have the population density to warrant a number of large e-commerce logistics facilities (well over 100,000 square feet) like those in the Richmond-Oakland, South San Francisco or Silicon Valley areas, but there is more interest from companies looking for 15,000–50,000 square feet for such logistics.Ī key exception to that is Amazon’s reported lease deal this spring for all the 260,000-square-foot Victory Station warehouse near Sonoma, located on the Highway 12 thoroughfare across southern Solano, Napa and Sonoma counties.
“There is more demand from companies that need more vehicle parking for customers to pick product up or for last-mile delivery,” Buck said. Dermody has undertaken projects in Napa and Solano counties in recent years. The other Sonoma County industrial project with permits ready for construction is at 201 Business Park Drive, located behind The Press Democrat printing plant in Rohnert Park.ĭemody Properties, a Reno, Nevada-based major developer of industrial buildings, made its entry to the county on May 1 with the purchase of land with approvals for a 70,000-square-foot light-industrial building designed for 10 truck docks, multiple tenants and outside storage, according to Trevor Buck, one of the Cushman & Wakefield agents who brokered the deal. No specific lease deals are in play but interest has come from local and East Coast companies, Peterson said. The two remaining buildings, with 70,000 and 144,000 square feet each, would take 18 months to build. A 70,000-square-foot warehouse, called Hangar J, is set for completion in September at Billa Landing, a 360,000-square-foot, five-building complex at the corner of North Laughlin Road and Copperhill Parkway just east of the airport. He’s marketing one of the two sizable industrial projects in the county under construction or about to be so. Schulz–Sonoma County Airport north of Santa Rosa remains under 2%, Peterson said. Industrial vacancy for Sonoma County was 4.7% at the end of last year, and in the industrial parks near Charles M. “There is very little inventory over 20,000 square feet,” he said.
In Sonoma County, there are few newer industrial buildings available for companies that need larger spaces, according to Dave Peterson of Keegan & Coppin Co.
Retail and office real estate markets have been reeling from uncertainty over closures of restaurants, gyms, theaters and workplaces under public health orders related to the coronavirus.īut interest in industrial property is picking back up, some driven by a surge in e-commerce business during the lockdown.
0 kommentar(er)
