Demand for office space keeps plummeting in the Sacramento region as net absorption was negative for a second consecutive quarter. The State of California continues to downsize leased space while consolidating into new construction or owned office buildings. The Q4 of 2022 saw another negative -683,521SF in addition to the -646,086SF from the Q3. Colliers Sacramento office market report says we will continue to see vacancy rise as demand plummets.
From Q2 2020 through Q4 2022, more than 3.6 .million square
feet of vacant office space has been added to the market in a region the has
57.6 million total inventory. Read more here from the Colliers Sacramento 2022 Q4 office market report.
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