Wednesday, January 27, 2016

Has Fairfield Over Built Office Buildings? Great Opportunity For Growing Companies.

Fairfield has built more office spaces than other Solano County cities.  This resulted in the over building of office office buildings. Excess supply drives down prices. This brings lower office space rental rates. More Fairfield commercial real estate development however is still in the pipeline. What pipe are they smoking?

Business owners as a result are turning to Fairfield for their office space needs.  Tenants are largely coming from Suisun, Vacaville, Vallejo, Benicia and Napa. The Fairfield office space glut applies to both small thru large office buildings.

Commercial real estate owners find it easier to recruit real estate brokers and agents by offering longer term leases.  There isn't enough money in commissions from renting a small space on a month to month lease.  Solano County has one large office building specializing on professional month to month leases. The large office building in the heart of Fairfield can easily offer short rental terms  because the sales and management are located in the building. In their defense, real estate brokers have only so much time in the day to drive around and show office spaces.

Google is the best way to find small office spaces for rent in Fairfield that include internet, receptionists, coffee, cheap copies and janitorial. There's more to running an office than what you pay per square foot.

Take advantage of the overbuilt Fairfield office building market. Do your homework before investing time into renting your future Fairfield office space.

Our office building construction predictions will prove themselves in time. It's a great market for office building owners because it is less likely the market will get over built.