Solano County Industrial Real Estate Market Guide 2026

Updated January 2026 • 12 min read • By Alex Peck, CCIM

Solano County has emerged as one of Northern California's most dynamic industrial markets. Positioned at the crossroads of the Bay Area and Sacramento, with excellent freeway access and significantly lower costs than neighboring counties, Solano offers compelling opportunities for industrial users and investors alike.

Solano County Industrial Market Overview (Q4 2025)

5.8%
Vacancy Rate
$145
Avg. Sale Price/SF
$1.05
Avg. Lease Rate NNN
78M
Total Industrial SF

Why Solano County?

Strategic Location: The I-80 corridor provides direct access to the Port of Oakland (45 minutes), Sacramento (40 minutes), and the broader Bay Area market. The I-680 connection links to the Tri-Valley and South Bay.

Cost Advantage: Industrial real estate in Solano County typically trades at 20-40% below comparable Alameda and Contra Costa properties.

Available Land: Unlike built-out Bay Area markets, Solano still has developable industrial land, particularly around Fairfield and Vacaville.

Labor Pool: Access to workers from both the Bay Area and Sacramento metro creates a diverse labor market.

Submarket Analysis

Fairfield

The largest and most active Solano industrial submarket, Fairfield benefits from excellent I-80/I-680 interchange access and a diverse mix of building types.

$155/SF
Avg. Sale Price
4.9%
Vacancy
$1.10/SF
Lease Rate NNN

Best For: Distribution, light manufacturing, food processing.

Outlook: Positive

Vacaville

Vacaville offers a mix of established industrial parks and new development opportunities. Business-friendly approach has attracted diverse manufacturing and distribution users.

$140/SF
Avg. Sale Price
6.2%
Vacancy
$1.00/SF
Lease Rate NNN

Best For: Manufacturing, biotechnology, corporate distribution.

Outlook: Stable

Suisun City

The smallest of the three primary submarkets, Suisun City offers lower price points and proximity to both Fairfield and the waterfront.

$125/SF
Avg. Sale Price
7.5%
Vacancy
$0.90/SF
Lease Rate NNN

Best For: Smaller users, service businesses, value-seekers.

Outlook: Stable

Market Comparison: Solano vs. Neighboring Counties

Metric Solano County Contra Costa Alameda
Avg. Sale Price/SF $145 $185 $225
Avg. Lease Rate NNN $1.05 $1.35 $1.65
Vacancy Rate 5.8% 4.2% 3.8%
Drive to Port of Oakland 45 min 25 min 15 min

Value Opportunity

The 20-35% discount versus Contra Costa and 35-50% discount versus Alameda creates compelling opportunities for cost-conscious users. For a 50,000 SF building, the price difference can exceed $2 million.

Investment Considerations

Cap Rates: Market cap rates currently range from 5.5-7.0% depending on tenant credit, lease term, and building quality—a 50-100 basis point premium over comparable Alameda and core Contra Costa properties.

Rent Growth: Annual rent increases of 3-4% have been typical, with some submarkets seeing 5%+ growth.

Tenant Mix: Diverse tenant base including logistics, manufacturing, food/beverage, and service companies provides stability.

2026 Outlook

Bay Area companies seeking relief from high occupancy costs will continue targeting Solano County. E-commerce infrastructure requirements are driving demand for smaller distribution facilities throughout the I-80 corridor. As interest rates potentially moderate, transaction volume should increase.

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Alex Peck, CCIM

Alex is an industrial real estate specialist covering Contra Costa and Solano Counties with the Peck CRE Group at Lee & Associates.

Email: apeck@lee-associates.com | Phone: (925) 930-7200