Sacramento office market reports
2024 Q3 highlights and trends
The Sacramento office market saw a brief improvement in Q2, but plunged back into negative absorption in Q3, primarily due to the State of California consolidating its office space into newly developed, state-owned buildings and allowing large leases to expire. This added nearly 2 million square feet to an already high-vacancy market. Avison Young’s Busyness Index shows that office utilization remains low for government and other professional service sectors. Despite a hybrid work mandate from the State requiring two in-office days per week, occupancy rates have not significantly improved. However, with new constructions tapering off and interest rates finally on the downtrend, potential tailwinds may be ahead for Sacramento.
Net absorption
Lease Activity
Busyness Index RTO
Your source for the latest Sacramento office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater Sacramento area. Avison Young advisors look at Sacramento commercial real estate activities and the latest Sacramento statistics to provide you expert market research on Sacramento's office properties.
Explore different topics like the latest office market pricing trends and analysis of Sacramento's current office real estate market conditions. Gain a better understanding of Sacramento’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Sacramento's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Sacramento.
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