Colliers Sacramento Office Research & Forecast Report: Q3 2020

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.