Marin County Office Report
Net absorption was negative 25,193 square feet for the third quarter of 2024. A large amount can be attributed to 15,779 square feet becoming vacant at 100 Smith Ranch Road in Northern San Rafael. Asking rates across Marin County in 2024 have slightly increased by 40 basis points due to some expensive class A space becoming available in Central Marin. Tenants are expected to continue being drawn to well improved high-end buildings. Hybrid work trends continue to inspire downsizing into quality buildings, allowing employers to better incentivize workers to return to the office.
Download Marin County Office Market Report 3Q24