Q4 2018 Sacramento Market Report
After several years of lagging vacancy and muted tenant demand, the Sacramento office leasing market is finally on par with the national average, just under 10%. The lack of new office construction and corporate expansions have contributed to limited availabilities, but also added to spiking asking rents. While the area has achieved significant gains in rent growth, Sacramento is still a bargain compared to those in the Bay Area. The average rent in Sacramento is about 60% less than those in both San Francisco and San Jose, and offers around a 35% discount to the East Bay.