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.
“Ethan, I am your father.” Would you like to buy my building?
Costar states that Downtown’s overall vacancy factor is 8.7%. However, when you only consider Class A buildings over 150,000 SF, the vacancy factor is nearly 21%. This does not include 250,000 SF available at 1515 S Street, one block from The Ice Blocks Development. My money is on the fact that the State of California might take over the space at 1515 K Street. I still believe that Downtown Sacramento “will be back.” It has so many fantastic draws.
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?
You Don’t Have to Bring Your Dog to Work Anymore!
You are probably very familiar with hybrid work. Frankly, most of us start dozing off when we see another article about “The New Normal,” and I was hesitant to write about it. But the changes in Sacramento are worth noting. Recently, I toured an organization that was downsizing from 12,000 SF to 8,000 SF, and […]
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.
Sacramento’s Del Paso Blvd is Due!
It was a dark and Stormy night…..” I first visited Del Paso Boulevard in 1991 after a King’s game at the ARCO Arena. I was new to Sacramento, I was navigationally challenged and suffered from impaired night vision. I don’t remember who we played that night, but I do remember stumbling upon Del Paso Boulevard. […]
Sacramento Core Heating up Just in Time for Summer
Every couple months I run a sales comp report to see what has sold recently. This time I looked up: land, multifamily, office and retail sales that closed in the last 6 months. I own a couple properties myself. I wish I had bought my properties when I moved to Sacramento in 1991. Land sales […]
Sacramento Core Heating up Just in Time for Summer
Every couple months I run a sales comp report to see what has sold recently. This time I looked up: land, multifamily, office and retail sales that closed in the last 6 months. I own a couple properties myself. I wish I had bought my properties when I moved to Sacramento in 1991. Land sales […]
Should You Rent or Own in Sacramento’s Core?
As Sacramento’s skyline continues to welcome new additions and development is spurring increases to property values in the Downtown region, one may be curious as to what the changes mean to their ability to acquire property. Renting and owning property both come with benefits and disadvantages, so which is the better option? Review of Sacramento’s […]