News & Press Releases

Q4 2017 Sacramento Retail Market Report Released

January 02, 2018

The Sacramento retail market fared well at the close of the fourth quarter as vacancy rates have continued to trend downward dropping 129 basis points to 6.51% throughout 2017. The retail market ended the fourth quarter with 806,258 square feet of positive net absorption, which is the highest quarterly absorption figure seen in the last two years. The Sacramento retail market delivered 253,434 square feet of new retail space during the fourth quarter of 2017. Among the largest of those projects was a 189,543 square foot Walmart Supercenter in the South Sacramento submarket, which was delivered December 2017. There is currently just over 340,000 square feet of retail space under construction. The largest project under construction is a 166,000 square foot retail power center for RC Willey in the South Sacramento submarket expected to be delivered January 2018.

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