Sacramento Commercial Real Estate

Sacramento Office and Commercial Space Overview

The fastest-growing and most diverse city in the country, Sacramento is a surprisingly agile and industrious urban playground built on hard work, California-style innovation, and an impressive talent base that’s unmatched anywhere else in the United States.

With just over half a million residents in the city limits, Sacramento makes for a functional and exciting medium-sized city located within easy reach of Redwood National Forest, the Bay Area, and the gorgeous California coast. Neighborhoods like the downtown corridor, Del Paso Heights, and East Sacramento are booming with new constructions and plenty of availability for commercial real estate, with a median square footage of 550 and a median rate of $32 per sq. ft./year.

Economy of Sacramento

Sacramento residents enjoy an above average median household income sitting at $52,000, but compared to other California cities, that’s between 50-75% less than other cities of the same size.

Occupied by as many as three different colonial representatives throughout the city’s history, Sacramento has continued to be an important puzzle piece in the economy of the region, with timber, agriculture, gold, and industry driving the city forward. Now home to the fifth-largest metropolitan area in the state, Sacramento’s primary means of production are in the public and healthcare sectors, with education, retail, professional services, construction, and manufacturing closely behind. Newer industries, such as technology, software development, and high-end manufacturing, have spurred Sacramento to one of the best and most lucrative boomtowns in the United States.

Thanks to nearby institutions like the University of California - Davis, Sacramento State University, the impressive Los Rios Community College District, and nearly a dozen more providers of higher education, the city is arguably the best equipped to train and retain well-suited employees in the entire state of California.

Trends of Sacramento

Real estate experts agree: Sacramento is a genuine boomtown, with rent prices rising faster than any other U.S. city. The city’s population hit 500,000 for the first time, with residents fleeing the high costs of San Francisco for larger, more affordable housing and a quiet, trendy new environment. But with a median home price of $350,000 edging toward pre-recession levels, it’s possible the city’s explosive growth may slow in the coming years. Sacramento is experiencing rapid growth in the commercial real estate world in addition to the residential boom. With hundreds of building permits and new developments underway, every neighborhood in Sacramento is experiencing a facelift.