News & Press Releases

Q4 2017 Sacramento Office Market Report Released

January 02, 2018

The Sacramento office market fared well during 2017 as vacancy rates have continued well below pre-recession figures, ending the quarter at 10.53%. In comparison to the previous year, the vacancy rate decreased by 77 basis points, which still remains among the lowest vacancy rates seen since 2002! At the close of the fourth quarter, the average asking full service lease rate for the Sacramento office market was $1.88/SF, which is a $0.01 increase from the previous quarter and a $0.06 increase from one year ago. Of the six office buildings currently under construction, three of them are located in the Roseville/Rocklin submarket. The largest of those projects is a 242,000 square foot, Class B office building for Adventist Health in the Roseville/Rocklin submarket, expected to be delivered in August 2018.
 

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