Before the pandemic, the Sacramento office market was on fire. Several large office leases were ready to be signed by the State, and then, because of Covid the leases were either canceled or put on hold. Fast forward 18 months, and the State is still stalled. And to...
Offers are due for the acquisition of the former Sacramento Bee HQ on July 26. Over the last month there have been over 30 tours of the site. There are a variety of Buyer types evaluating the opportunity including Office, Mixed-use, CoWorking, Senior Housing,...
I am the first to promote how all the trends and developments in Sacramento’s central core are supporting significant increases in rents and property values. For the residential sector, If rents weren’t going up, we wouldn’t have market rate housing getting...
If we looked at the most recent sales in Midtown Sacramento properties seem to be averaging around $100 a square foot. This average includes sales that occurred in 2019. During Covid, Sales were off considerably. Virtually all the sales are for residential...
Sacramento’s office sales market surpassed $500 million in the first quarter of 2020. Then the Pandemic hit. In the short run, the office market will probably experience an increase in leasing “activity.” However, the activity will probably result in negative...
Tom Bacon has been assisting clients with their commercial real estate needs since 1984. The commercial real estate industry is a long term, relationship business. In dealing with others, a level of understanding must be achieved before the end goal can be achieved. We focus on exceptional work every step of the process while keeping an eye on the desired outcome. An exceptional outcome is the natural conclusion to a professionally orchestrated transaction or assignment.
