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Sacramento Market Reports

Sacramento Office Market Report

Average Asking Rent (Price/SF)     $2.07
Availability Rate (%)     10.3%
Net Absorption (SF) 159,317

The Sacramento office market maintained its positive momentum in the fourth quarter of 2019 to finish the year strong. Net absorption was positive for the 13th consecutive quarter, totaling 159,317 square feet, which brought the year-to-date total to a positive 780,922 square feet. The vacancy rate also inched closer to single digits in the fourth quarter, dropping to 10.3% from 10.8%.

  Sacramento Industrial Market Report

Average NNN Asking Rent (Price/SF)        $0.55
Availability Rate (%)          4.0%
Net Absorption (SF)   523,189

The Sacramento industrial market remained robust through the fourth quarter of 2019, as nearly all indicators show. Overall vacancy for the greater Sacramento area dropped from 4.5% in the first quarter to 4.0%, another historic low for the region. By comparison, the national average for industrial vacancy at the end of 2019 was 5.2%. Total net absorption for 2019 was approximately 1.6 million square feet. Average asking rental rates fluctuated between $0.61/SF and $0.63/SF all year but dropped to $0.55/SF at year-end.

 



Sacramento Office Market Report
4Q19
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Sacramento Industrial Market Report
4Q19
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