Office, retail real estate markets improve in Marin County

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The impact of the coronavirus pandemic on Marin County commercial property has in some ways paralleled that of the much larger San Francisco market across the Golden Gate Bridge to the south, according to market experts. But certain types of office, retail and industrial properties have fared better in suburban Marin than the urban hub of the Bay Area.

“We didn’t see a glut of sublease (office) space hit the market, and asking lease rates generally have not been discounted,” said Haden Ongaro, who oversees Newmark’s North Bay operations.

A long-standing trend for the Marin office market is for companies in San Francisco to consider office space across the bridge to relocate for Marin amenities such as better parking, lower lease rates, closer proximity to founders’ or top executives’ homes, and more options for employee housing across the Richmond-San Rafael Bridge in the East Bay and further to the north in Sonoma County.

Since…

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