Q4 2019 Sacramento Market Report
The Sacramento office market in Q4 sent vacancy rates lower than the national average propelled by government demand in Downtown. The overall office vacancy rate has continued to drop with continued demand and a lack of new “spec projects” on the horizon. One of the few upcoming office projects is being developed by Bannon Investors who recently broke ground on a 90,000 square foot Spec Office building located at 2555 Natomas Park Drive in South Natomas. Other office opportunities for tenants are coming from office space being vacated by users doing Build-to-Suits such as Adventist Healthcare in Roseville, and Centene in Natomas which is likely to be consolidating out of multiple office locations in Rancho Cordova.