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| Sacramento office market demand dropped deeply Q3 2022 |
Sacramento’s office market saw a deep drop in tenant demand in the third quarter and went into negative territory. As reported by ColliersSacramento, the market net absorption fell to its lowest total in 22 years as tenant demand wavers. Sacramento recorded a -646,086 square feet surpassing 2.9 million square feet and more than five percent of the markets inventory. Colliers also reporting that it’s unlikely to move towards stabilization until mid-year 2023.
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