Commercial Real Estate Insights
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...
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: Inflation: The published CPI is running at about 8% annually, but we all...
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...
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.
Sac Bee HQ Call For Offers July 26, 2021
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,...
What Is Land Selling for In Midtown Sacramento?
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...
Sacramento Office Building Sales – How Will 2021 Fare?
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...
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...
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