Sacramento Office Market Report
| Average Asking Rent (Price/SF) | $2.10 |
| Availability Rate (%) | 9.9 |
| Net Absorption (SF) | 160,759 |
The Sacramento office market recorded a vacancy rate of 9.9% in second-quarter 2020, a slight decrease from the 10.2% vacancy rate in first-quarter 2020. This slight increase occurred after the vacancy rate had consistently decreased from its highest level of 23.4% in 2012. The Folsom submarket recorded the lowest vacancy rate of 4.3%, followed by the West Sacramento submarket with 4.5% and the Elk Grove submarket with 4.9%.
Download Sacramento Office Market Report 2Q20Sacramento Industrial Market Report
| Average NNN Asking Rent (Price/SF) | $0.70 |
| Availability Rate (%) | 4.0 |
| Net Absorption (SF) | 577,248 |
The Sacramento industrial market ended the second quarter of 2020 with a vacancy rate of 4.0%, nearly 1.5% lower than the national level of 5.5%. The Sacramento industrial market ended the quarter with 577,248 square feet of positive net absorption, and year to date is 960,488 square feet of positive net absorption. The average asking lease rate in the Sacramento region is currently $.70/SF per month triple net. The increase in the lease rate is attributed to low vacancy, net absorption and the construction pipeline. With limited inventory in the market and vacancy sitting at a historic low, leaving tenants with few to no options, landlords will remain bullish on rental rates. When you combine all these factors with the new development coming online, it is difficult to believe that rents will decrease. Rental rates are likely to remain constant for the coming months
Download Sacramento Industrial Market Report 2Q20