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| Colliers International Q3 Sacramento Multifamily Forecast Report |
Colliers
Internationals Sacramento report showed record sales volume and elevated occupancy. But even with
thousands of new units being delivered and in development, construction is still
well below pre-2009 when an average of 2,500 units a year were delivered from
2005 to 2008. Occupancy in the central
city has declined 150 basis points over the last 12 months to 94 percent. 285
new units have been completed in Downtown and Midtown since October 2017.
On page 7 of the report Colliers goes into detail of all the
residential developments the city can look forward to. The forecast looks good,
hopefully developers will continue to be bullish in 2019.
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