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As State of California hiring levels off, prospects arise for private sector firms looking downtown

•The State of California went on a hiring tear after balancing the state budget in 2013, posting +3.0 percent annual job growth for 18 consecutive months, resulting in 6,900 new state employees during the same period.

•Historically, the state’s annual growth rate has tracked very closely with overall office demand in Sacramento, where employment growth spurts are directly preceded by upticks in net absorption, propelled in large part by the state’s anticipated need for additional space

•As the State of California ratchets down hiring heading into 2017, opportunities arise for private sector tenants to expand in or relocate into submarkets historically dominated by the state, such as the CBD.​

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