Colliers Weekly Market Insight

There has been a lot to process and understand the last few months as COVID takes a toll. The restaurant and small business are going to be impacted the worst. Colliers reported that “At least 20% of Sacramento area restaurants have already permanently closed due to the current pandemic. The most recent announcement was PF Chang's at 16th & J Street. Many more small businesses will close as a result of these new business shutdowns and restrictions.”  In addition, “The State of California has paused new office leasing. And many companies are considering or are already in the process of downsizing as executives consider implementing extended or permanent work from home policies. Colliers Sacramento's Q2 2020 Sacramento Office Market Snapshot will be later this week.