R Street – A+ Development Site For Sale
What’s Next for 1201 R Street? A rare covered-land opportunity has emerged in the heart of Sacramento’s R Street Corridor a 14,810 square foot assemblage that combines immediate cash flow with exceptional development potential, 1201 R Street. The property comprises two contiguous parcels: a full-service restaurant (Twisted Track Bar & Grill) fronting R Street and […]
What Is My Sacramento Commercial Property Worth?
What Is My Commercial Property Worth? This question comes up almost every week. A property owner calls and says, “Tom, I’m not necessarily selling, but I’m curious what the property might be worth.” That is usually how the conversation starts. And it is a good conversation to have, even if the owner is not ready […]
Sacramento Central City Land Values: The Market Has Reset, But the Numbers Need Context
Recent land sales in Sacramento’s Central City tell an interesting story, but the story is not quite as simple as saying land values are down. They are down, at least compared to many of the sales we saw from 2021 through 2024. But as usual in commercial real estate, the price per square foot only […]
The California Dream Has a Cover Charge
My daughter called me from Japan the other day. She was taking a well-deserved break from her sales job. It was great to hear from her. While she sounded a little homesick, she was having a great time. Emma is 29. She is great at complex tech sales. Willy is 32, works in archaeology, and […]
Unicorns Found Grazing at a Prime Dev Site in Sacramento
The DDSO Campus at 2331 Saint Marks Way offers a compelling opportunity for a local residential developer or a school. Most of the interest is from schools, but residential developers are circling.
Transforming Sacramento – ULI – Studies and Theories with a Practical Touch
Batter Up! Transforming Sacramento. During a walkthrough of a client’s new office, I noticed two red wires dangling from the entrance to my client’s building. The wire had been connected to a new security camera; I hope they got the heist on video! But even if they caught the perpetrator, the ticket would probably be […]
Landlord to Lender: “It’s Just Shrinkage!”
The office market seems like a paradox. Businesses are downsizing, and vacancy rates are soaring, yet rents are slow to go down.
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.
Who Owns Sacramento?
Sacramento is on the radar of the world’s investment community. With Properties selling for $600 to over $1,000 a square foot in top tier markets like San Francisco, Sacramento’s class A office properties selling for $250 to $425 a foot seem like a pretty good value. In the last 5 years, several of Sacramento’s CBD […]
Sacramento’s CORE: Par, Birdie, Eagle. Albatross next?
Sacramento’s Core (Midtown and Downtown) is not very sneaky. In fact the whole world has taken notice. One thing I didn’t now about Core is this: Core recently took up golf, and in 2015 made the PGA Tour. In a matter of months, Core has risen to the top of the money list! At […]