Q2 Sacramento Retail Market Report Released

By: cnmAdmin2030 | July 2, 2018

At the close of the second quarter, the vacancy rate was 6.66% and still remains amongst the lowest vacancy rates seen since 2008. Overall, the vacancy rate has decreased by 3.48% in comparison to one year ago while lease rates have increased by 9.09% in comparison to one year ago. The Sacramento retail market delivered 31,820 square feet of new retail space during the second quarter of 2018.  Among the largest of those projects was a 21,000 square foot power center building in Rocklin for HomeGoods, which was delivered June 2018. There is currently just over 475,000 square feet of retail space under construction. The largest project under construction is a 150,000 square foot center in Elk Grove for Costco expected to be delivered February 2019.