Sacramento, the nations top growth city?
Sacramento has been one of the few cities that has seen strong positive migration.
March 05, 2019
- While the narrative around California migration has typically focused on the amount of people leaving the state in recent years, Sacramento has been one of the few cities that has seen strong positive migration.
- Long viewed as a less desirable alternative to the Bay Area, Sacramento has undergone a series of transformations that have helped it achieve “18-hour” city status. In addition to cheap housing and strong employment growth in Healthcare, Professional & Business Services, and tech and related tech fields, Sacramento’s downtown area has also seen a strong revitalization thanks to the new Golden 1 Center, DOCO shopping plaza, and the continued development along the historic K Street. Throw in Sacramento’s continued devotion to farm to fork eateries and trendy bars and breweries, and you have a location that many people, millennials in particular, want to be.
- As a result of the migration, Sacramento was named U-Haul’s top growth city for 2018, beating out heavyweights like Manhattan and San Francisco, and now boasts a population over 500k for the first time ever. With a plethora of new multi-family and track neighborhood developments underway and in the pipeline, this trend should continue well into the future.
Source: JLL Research, U-haul, U.S. Census