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.
New Year’s Message Sacramento Bacon Commercial Real Estate
A New Year’s Message From Bacon Commercial Real Estate Business goal setting and New Year’s resolutions can be tough. Both require some extra introspection, and that’s typically easier when everything is going just right. New Year’s resolutions are usually personal, while business goal setting is clearly about business. But let’s face it – business and […]
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 […]
“If you don’t know where you are, you don’t know who you are”
Uptown Studios HQ, Broadway Corridor, Sacramento “If you don’t know where you are, you don’t know who you are” – Wendell Berry When negotiating a lease, you have to pay attention to the bottom line, but you cannot forget about your team. No longer is it just about price and how many cubes you can […]
Amazon HQ2 Takeaways
Amazon Moving to Sacramento? No, but other Unicorns will! Last year, 238 Bidders for Amazon’s 2nd headquarters submitted proposals to induce Amazon to locate 50,000 employees in their regions. Everyone I am certain had reasons but according to CCIM’s chief economist, K.C. Conway, only 50 bidders met the base criteria. If it were not for […]
When an Office Building Sells, Tenants Pay
News Break: Sacramento Office Market Banned for Taking Performance Supplements
For decades, Sacramento has been considered a secondary or tertiary market. For those who bought-in 3 to 5 years ago, they are now reaping the benefits. Now that the office market has reached equilibrium, it is only a matter of a couple years until we will see meaningful uptick in construction of speculative office product. […]
Sacramento’s Big Man is just getting started.
How About Those Sacramento Kings? The Kings won last night without their Big Man, Cousins. Frankly, they looked like a whole new team, with contributions from everyone, with six players in double digits. Willie Cauley-Stein had a career high 29 points. Would the Downtown market be on such a winning streak without its Big Man? […]
Sacramento’s Golden One Arena Makes Almost Everything Better
The Sacramento Kings staying in Sacramento was great, but the Golden One Arena and its profound ripple effect is the biggest game changer since the Gold Rush. Other cities (San Diego, Denver, San Francisco, etc.) have developed new arenas and the impact on their economies have been great. However, in relative terms, Sacramento’s Arena will […]