Sacramento industrial real estate market reports
Q4 2023
Despite an overall decline in total available industrial space in 2023 compared to 2022, the noteworthy increase in sublease space, now constituting 16% of the total available space as opposed to 5% in 2020, is a notable trend. The surplus sublease space primarily stems from tenants who had over-leased during the pandemic, now downsizing due to a slowing business environment. This presents a unique opportunity for companies seeking affordable space at unprecedented bargains.
Sales Valuations
Sales volume remains strong but has plateaued
Absorption
Q4 extends the negative absorption of previous quarter
Availability
Sublease availability is rising to historical highs
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