Colliers 3Q 2018 Sacramento Research & Forecast

Colliers International third quarter office market report says Sacramento is on the rise. Because of high demand from State government, healthcare, and education sectors, vacancies have dropped to a 16-year low. Nevertheless, rising construction and land costs have many developers cautious to move forward with new speculative office projects. Some key points from the Colliers report,  downtown leads all submarkets with absorption of 226,681 square feet but Class A asking rates downtown is unchanged at $3.01 per square feet. Read the Colliers International Q3 Report here.