Sacramento Commercial Real Estate: Downtown Sacramento Office Market
Downtown Sacramento’s office market is keeping it together because tenants continue to pay their rent – even though a significant percentage of tenants are not using their offices. COVID has changed how companies think about their operations, and they are beginning to consider the results of this 10 month experiment. Sacramento’s Central Business District […]
Sacramento Office Market & the Elephant in the Room
Sacramento Office Market Review November 2020 Since March 2020, the Sacramento office market has maintained occupancy levels. Sacramento tenants – from the State of California to law firms – are beginning to take steps to reinvent how they operate and what the corresponding office solutions will be. Over the last 5 years, Sacramento’s average rents […]
Prop 15 – A Wolf in Sheep’s Clothing
Prop 15, AKA Split Tax Roll, is on the ballot, and it has been refined to increase its chance of passage. But even refined it is not the panacea the authors would like you to think it is. Essentially it is another California tax to raise money that is “supposed to” benefit schools. If passed, […]
Sacramento Commercial Real Estate Market as of July 2020
The last 3 months have been tough. I am a deal junkie – and withdrawal has been rough. It’s one thing to be weaned off, say by driving Uber or taking over my son’s door-to-door leaf raking business, but Uber is out, and there aren’t any leaves. When the going gets tough, the tough learn […]
The show must go on.
One of my favorite motivational speeches took place at the Delta House in the 1960s. Bottom line: When the going gets tough, the tough get going. You may not think that you have the time to watch this video, but you will be glad you did. During the beginning of the speech, Bluto (Belushi) rallies […]
Sacramento’s Del Paso Blvd is Due!
It was a dark and Stormy night…..” I first visited Del Paso Boulevard in 1991 after a King’s game at the ARCO Arena. I was new to Sacramento, I was navigationally challenged and suffered from impaired night vision. I don’t remember who we played that night, but I do remember stumbling upon Del Paso Boulevard. […]
Sacramento Core Heating up Just in Time for Summer
Every couple months I run a sales comp report to see what has sold recently. This time I looked up: land, multifamily, office and retail sales that closed in the last 6 months. I own a couple properties myself. I wish I had bought my properties when I moved to Sacramento in 1991. Land sales […]
Sacramento Core Heating up Just in Time for Summer
Every couple months I run a sales comp report to see what has sold recently. This time I looked up: land, multifamily, office and retail sales that closed in the last 6 months. I own a couple properties myself. I wish I had bought my properties when I moved to Sacramento in 1991. Land sales […]
Who Needs a Broker?
With all the information on line, many tenants are searching for office space without a broker. Can you imagine? I Can. I get calls from tenants that are frustrated. The office market data is often out of date and many leasing options are not visible without a subscription. Beyond the lack of good data, tenants […]
Institutional and Out-of-Town Investors Create Value with Perspective
Sacramento office investment sales are up. And the majority of investors are institutional and from out of town. Sacramento has always been considered a second tier market, but it seems that second tier markets are where all the Easter eggs are! Is it really almost Easter? Institutional and out-of-town investors create value with perspective. Example: […]