Hybrid Working and The Government
Let’s talk about the Government. I have friends with the State of California, who say that it looks like “Work From Home” (WFH) is here to stay. Just think, If the State reduces its office space by just 20%, that amounts to over 1,000,000 SF downtown alone – that works out to 4,000 state employees […]
How About Lunch – With Roger Federer?
“He was saying, In order to preserve the longevity of your career, you need to take the moments to look around, appreciate where you are, breathe it in,” Shiffrin said. “As he (Federer) got more into the depths of his career, when it gets harder to kind of look up and around you and appreciate everything right in that moment, is when it’s the most important to do it.”
To Everything There is a Season
Fill-o-soph-ical Friday Bob Hope was in the kitchen having a cup of coffee and his wife asked, “Bob, have you thought about where you want to be buried?”. Bob’s reply, “Surprise me.” Over the last couple of weeks, two of music’s Icons have died. Jeff Beck passed away on January 10th at 78 years old. […]
How About those Kings?
Happy New Year! How about the Kings? Last night they eked by the Utah Jazz. This seems to be a new way of winning for the Kings. I remember the Lakers in the ’80s with Magic Johnson running the offense; The Lakers won five championships in the ’80s. The Lakers found a way to win. […]
You gotta “Ac-Cent-Tchu-Ate The Positive”
You Are What You Think I was talking with good friend who happens to be a commercial real estate broker in North Carolina. I call him when I want to save $150 on therapy. Like me, he is an independent broker and he had worked for a large national company. We talked about business, the […]
The Sacramento Bee Campus is Selling, Piece by Piece
In 2021, Bacon CRE was hired by the ownership of the Sacramento Bee Campus to sell the Office HQ Building consisting of 154,000 SF, a 11,600 Mid Century Industrial building and a former day care property.
2022 CRE Economics 101
I watched a presentation about the economy and the implications for commercial real estate KC Conway, a well-known CRE economist was the presenter. Here are the Key takeaways: I wonder how we are looking since the Pandemic and the Geopolitical upheaval? The presentation gets into specific commercial real estate market segments, and it is worth […]
Folsom Office Market – Sacramento Region’s Star
Need Office Space in Folsom? The Folsom office market is about as healthy as you can get. The overall vacancy sits at 4.2%, which is below Folsom’s vacancy rate before the Pandemic. The Market consists of about 5,700,000 SF and only 36,000 SF of new office space has come on line in the last five […]
Resilience – Sacramento Commercial Real Estate
Relativity: Relative to major markets in California and throughout the US, Sacramento is still a bargain: The average price of a Sacramento office building was $220 a SF in 2021 while the national average was $330 a foot. This disparity has attracted many institutional investors.
Sacramento Office Market Update
The office market’s overall vacancy rate is 10.1 % (an increase of about 1.3% in the last 12 months.) Demand remains sluggish, but we are seeing activity pick up with smaller users.