Colliers International is reporting that the Sacramento
region’s market vacancy rate increased 10 basis points quarter-over-quarter
almost entirely due to more than 136,000SF of vacant sublease space hitting the
market. The amount of space companies are planning to give back spiked in the
third quarter, of the 431,664 SF of new avable sublease space since the end of
March, 286,045 SF of new sublease space hit the market alone in the Q3, a 73%
increase in available sublease space in the last six months.
In new construction and forecast, the State of
California is under construction on four new office developments totaling over three
million square feet with the Richards Blvd. Office Complex representing the
largest with 1.25 million SF. Download the report here.
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