Q2 2019 Sacramento Market Report

High demand for office space in Q2 has seen Occupiers taking the last few large blocks of space in the CBD, including Electronic Arts taking down 35,000 sf at Ice Blocks, ICF Engineering leasing 34,517 sf at 980 9th Street and WeWork leasing 47,000 square feet at Wells Fargo Center. Vacancy rates in the CBD remain in single digits. In addition, Centene, a St. Louis based health insurer announced it’s constructing a five building 1.25 million SF regional headquarters in North Natomas. Affordable housing in the Sacramento region has enticed companies to expand in the Sacramento region.