Sacramento industrial real estate market reports
Q4 2022: Over the past decade, the Sacramento market has been rapidly growing, as companies recognize the potential in the region. Construction activity skyrocketed at the start of the COVID-19 pandemic and remains elevated into 2022. Demand for industrial space continues to be strong, with vacancy near record lows and net absorption positive for its twelfth consecutive year.
QTD Net Absorption
The Q4 2022 marks the ninth consecutive quarter of positive net absorption.
Industrial vacancy nears all-time lows as demand continues to grow in the Sacramento market.
Total Available Square Feet
Despite new construction deliveries over the past several years, availability remains low as demand keeps pace.
Average Asking Rent
Rising construction costs, elevated demand and limited supply have pushed industrial space asking rents to all-time highs. Still, the Sacramento market retains a significant discount over more mature markets like the East Bay.
Industrial inventory continues to grow with 3.9 msf of deliveries in 2022 and more than 3.1 msf left under construction.
Total Sales Volume
Sales activity cooled off in 2022 after a record year in 2021 with over $1 billion in sales. Q4 2022 saw more than $127 million in sales, totaling up to $630 million for the year.
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