This blog post distills the latest commercial real estate activity across Marin County and the wider North Bay. We’re spotlighting leases, sales, and the brokers driving deals through early 2026.
In Marin, Corte Madera’s Perspire Sauna Studio led a notable retail lease. San Rafael and Novato posted a string of office and industrial moves, mostly shepherded by Keegan & Coppin.
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Meanwhile, Sonoma County dominated deal volume with big office leases and multi-million-dollar retail and mixed-use purchases. It’s a clear sign that the North Bay real estate market still feels resilient and investor-friendly (even if we all have a few doubts these days).
Marin County activity: leases shaping a competitive market
Marin’s market keeps churning with a mix of retail, office, and industrial activity. The region anchors values in towns known for both lifestyle and business perks.
In Corte Madera, the Perspire Sauna Studio lease shows ongoing demand for experiential concepts along Marin’s shopping corridors. San Rafael and Novato have seen a wave of lease activity in office parks and industrial spaces—keeping local economies humming in the mid-peninsula corridor.
Local brokers, led by Keegan & Coppin, orchestrate many of these transactions. They leverage Marin’s tight supply and those ever-high tenant expectations.
- Perspire Sauna Studio leased a retail space in Corte Madera, signaling a strong consumer-facing retail rebound along the Marin promenade.
- Office and industrial leases in San Rafael and Novato dominated by the efforts of Keegan & Coppin brokers, underscoring the bayfront submarket’s appeal.
- Overall activity in Marin continues to supplement nearby Mill Valley, Sausalito, Larkspur, and Tiburon with a steady cadence of tenant representations and lease closings.
Regional context: Napa, Solano, Sonoma and Mendocino in the North Bay mix
Beyond Marin, neighboring counties report a steady stream of transactions through early 2026. In Napa County, industrial and office leases in Napa city show that demand hasn’t faded, with several deals brokered by W Commercial and occupancy windows stretching from March to October 2026.
Solano’s got a Vallejo office/church lease for Centro Cristiano de Avivamiento on Sonoma Boulevard, adding to a pretty diverse North Bay pipeline. Sonoma County, meanwhile, leads the region in deal volume and keeps setting the pace for the North Bay market.
Sonoma County: deal volume and marquee tenants
Sonoma County’s market is where volume meets notable signings. Major office leases include Sonoma County Tourism taking about 9,733 square feet on Round Barn Boulevard.
Columbia Bank leased 4,695 square feet on Fourth Street. In the industrial and retail sectors, tenants like Body Rx Co., Kiefer Electric, and Vivi Studios are active across Rohnert Park, Santa Rosa, and Petaluma.
Renewals and smaller office deals reflect a broad-based recovery in consumer-facing and professional spaces. Not everything is huge, but the activity is steady.
- Sonoma County Tourism lease for 9,733 SF on Round Barn Boulevard
- Columbia Bank lease for 4,695 SF on Fourth Street
- Active tenants: Body Rx Co., Kiefer Electric, Vivi Studios with ongoing renewals in Rohnert Park, Santa Rosa, and Petaluma
Sales momentum: multi-million deals across the North Bay
Sales activity tracks leasing momentum, with multi-million-dollar purchases shaping the North Bay’s investment narrative. The flagship deal? A $25 million retail purchase of 1513 Farmers Lane in Santa Rosa—a clear sign of robust demand for premium retail.
Other notable acquisitions include a $5.18 million office purchase in Mill Valley and a $1.2 million office acquisition in Novato. There’s also a $700,000 office investment in Mendocino County’s Ukiah and several church and office purchases in Rohnert Park.
- Santa Rosa — $25M retail purchase at 1513 Farmers Lane
- Mill Valley — $5.18M office acquisition
- Novato — $1.2M office purchase
- Ukiah (Mendocino County) — $700k office purchase
- Rohnert Park_area — multiple church/office acquisitions supporting community and business growth
Market leadership and broker dynamics
The North Bay CRE market still runs on broker relationships. Keegan & Coppin, W Commercial, and SVN regularly handle listings and tenant representation across Marin and nearby areas.
The North Bay Business Journal’s Commercial Real Estate Report, put together every couple of weeks by Jeff Quackenbush, shapes expectations for buyers, sellers, investors, and developers. Folks following Marin County’s changing landscape—from San Rafael down to Marin City—tend to keep an eye on these updates.
People in Corte Madera, Novato, Mill Valley, and all over Marin see steady demand for retail, office, and industrial spaces in good locations. It’s hard to imagine that will change soon.
As 2026 gets rolling, Marin towns like Tiburon, Sausalito, Fairfax, and San Anselmo will probably keep catching the eye of investors, tenants, and entrepreneurs. There’s just something about Marin’s mix of lifestyle perks and business infrastructure that keeps people coming back.
Here is the source article for this story: Businesses on the move in Marin, Napa, Solano, Sonoma and Mendocino counties: April 30 report
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