Q2 Sacramento Office Market Report Released

By: cnmAdmin2030 | July 2, 2018

At the close of the second quarter, the average asking full service lease rate for the Sacramento office market was $1.98/SF, which is a $0.07 increase from the previous quarter and a $0.13 increase from one year ago. The vacancy rate decreased modestly by 5 basis points to 10.35%, which still remains among the lowest vacancy rates seen since 2002! Currently, there are 579,276 square feet of office space under construction in the Sacramento Region. Of the eleven office buildings currently under construction, five of them are located in the Roseville/Rocklin submarket.