Colliers Sacramento Office Snapshot: Q4 2019

Downtown continues to dominate with the highest net absorption of 184K/SF. The vacancy  rate has fallen to its lowest point since 2002. Rents for Class A office space in downtown set another high averaging #3.35/SF.

Colliers construction & forecast:  Hines’ takeover of Tower 301 on Capitol Mall, new design plans should be released in the first half of 2020, but construction is still at least a year away from starting. The new $300 million, 20,000-seat stadium in the railyards should start construction in spring 2020. In the River District, demolition and site work on a new four-building , 1 million SF office development later this year. 

Read more here: http://colliers-sacramento.com/MarketReports/2019_Q4_Office_Market_Report_FINAL.pdf