Commercial Real Estate Insights
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...
Sacramento Commercial Real Estate: Downtown Sacramento Office Market
Downtown Sacramento’s office market is keeping it together because tenants continue to pay their rent – even though a significant percentage of tenants are not using their offices. COVID has changed how companies think about their operations, 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...
Prop 15 – A Wolf in Sheep’s Clothing
Prop 15, AKA Split Tax Roll, is on the ballot, and it has been refined to increase its chance of passage. But even refined it is not the panacea the authors would like you to think it is. Essentially it is another California tax to raise money that...
Sacramento Commercial Real Estate Market as of July 2020
The last 3 months have been tough. I am a deal junkie - and withdrawal has been rough. It’s one thing to be weaned off, say by driving Uber or taking over my son’s door-to-door leaf raking business, but Uber is out, and there aren’t any leaves....
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