Avison Young in Sacramento
Sacramento, the City of Trees, is much more than just the state’s capital. Located in California’s expansive Central Valley, Sacramento is the seventh most populous city in California and is also the core cultural and economic engine of a four-county metropolitan area exceeding 2.1 million residents (El Dorado, Placer, Sacramento and Yolo counties). The Sacramento Metropolitan Area is the largest in the Central Valley and the fourth-largest in the state; additionally, it has been cited as one of the five most livable regions in America. The city's economy is broadly based, although government is by far the largest employer with 25 percent of California’s 471,000 government employees. Transportation is a large sector along with information technology, leisure and hospitality, professional and business services, higher education, health services and research, and construction.
Until recently, Sacramento had long been thought of as a single industry region, with government employees accounting for the bulk of the area’s workforce. However, with the recent boon in healthcare hires and companies such as Kaiser, Health Net, Dignity Health and Sutter Health rapidly hiring and opening regional/corporate offices, Sacramento has undoubtedly grown into a two-industry town. The healthcare sector now accounts for over 10 percent of the total workforce in the Sacramento region, significantly higher than the rest of the nation. In fact, the top five healthcare/plan companies employ over 33,000 local personnel. Coupled with top universities in the area and increased migration to the area, top talent and product demand have created a strong office market.
Within 97 square miles, Sacramento County is home to over 35,000 businesses and nearly 500,000 residents - many of whom take full advantage of the amenities, rich culture, ample business opportunities and continued downtown transformation. Since the opening of the Golden 1 Center and the Downtown Commons, there has been over $1 billion invested in city infrastructure and residential/business upgrades. Just a short drive to Napa County, Lake Tahoe and the Greater San Francisco Bay Area, Sacramento is no doubt a booming, commercial epicenter.