Report | Sacramento Office Insight - Q4 2015
On the strength of large-block leases from government agencies, insurance companies and healthcare providers, overall vacancy rates fell in Sacramento to 16 percent in 2015—the lowest number seen since 2007. As a result, year-over-year average asking rates rose across all submarkets and all but one submarket posted positive net absorption.
We see the rise in demand for healthcare services, a balanced state budget and continued spillover from the Bay Area’s tech industry—led by companies like Google—as three major factors that should keep this market carrying positive momentum in 2016.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Sacramento office market in our Q4 US Office Insight.
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