Downtown Sacramento: Still the Center of Gravity

Downtown Sacramento isn’t the doom-and-gloom story the national headlines keep pushing. With the lowest downtown vacancy rate in California, steady owner-occupier fundamentals, and new investment at smart pricing, the submarket is clearly resetting—not retreating. The value proposition that has always anchored Downtown remains firmly in place, and the next cycle favors the players who see it now.

Golf and Selling Property

“You know, when I was your age, I’d hit the ball right over that tree.”

With the challenge before him, the young man swings hard, hits the ball, watches it fly into the branches, rattle around, and land with a thud a foot from where it had started.

“Of course,” says the old man, “when I was your age, that tree was only eight feet tall.”

Should I buy or should I lease now?

What is the exit strategy? If for some reason you need to move out of the building, will you hold the asset and lease it out, or will you sell it? Is the property single purpose or will it appeal to a broad base of potential occupants?

Done Deals!

Larry was grinning like the Grinch and said, “Really, you got this?”  “Yep,” I chirped back. “I got my license and I read a bunch of books!”  Larry ordered us another martini.  

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.  […]