Sacramento Office Market Report
| Average Asking Rent (Price/SF) | $2.09 |
| Vacancy Rate (%) | 11.9% |
| Net Absorption (SF) | -236,321 |
As expected, the Sacramento office market posted a slight increase in vacancy from 11.8% in the third quarter of 2021 to 11.9% in the fourth quarter of 2021. Over the past two years, the office vacancy rate has fluctuated between 10.1% to 11.9% but the quarterly vacancy changes have been minimal. The increase in vacancy was due in part to some State of California agencies moving out of private sector buildings to new state-owned buildings in Downtown that completed construction during the year.
Download Sacramento Office Market Report 4Q21Sacramento Industrial Market Report
| Average NNN Asking Rent (Price/SF) | $0.80 |
| Vacancy Rate (%) | 1.9% |
| Net Absorption (SF) | 486,560 |
As we enter our third calendar year of dealing with COVID-19, it has become very clear that the Sacramento industrial market has not only survived during the pandemic but has thrived. Among the various sectors of commercial real estate, industrial real estate is uniquely positioned to take advantage of the pandemic situation. Even prior to the pandemic, ecommerce was reshaping the warehousing and distribution markets around the country, leading to dramatic growth for the industrial market. Now with the recent logistic problems in the ports, many companies have started reshoring products to be less affected by future possible pandemic disruptions. The Bay Area migration to more affordable housing markets like Sacramento due to more remote work has also led to solid gains for the construction industry. All these factors have combined to create one of the hottest industrial real estate markets Sacramento has ever seen.
Download Sacramento Industrial Market Report 4Q21