Category Archives: Sacramento Commercial Real Estate

Project Pipeline Points to the Rise of California’s Capital City

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August 17, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Sacramento may be a little over 1.5 hours drive (without traffic!) from downtown San Francisco, but Millennials know it isn’t that far away from the Bay Area’s buoyant tech-driven economy.Above SacramentoSacramento’s appeal among Millennials has been well documented and that attraction for a Millennials powerful segment of the modern workforce… Read More

Sacramento Skyline Office Rents Buck National Trend

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July 18, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Asking rents in the sixteen Sacramento CBD Class A office buildings that collectively make up JLL’s Skyline set reached $34.80 at the end of the first quarter 2016, up 8.4 percent from a year earlier.

Rents haven’t yet crept back up to the $37-plus level they saw in 2007, but they are more than $3.00 ahead of the market low set in 2014.  While JLL’s 2016 Skyline… Read More

Arena Anchors Downtown Sacramento Renaissance

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By: John Sheaffer, Senior Research Analyst

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Golden1 Center, the new $477 million arena for Sacramento’s NBA franchise, the Kings, won’t officially open until October, but it has already made an indelible mark on the fortunes of downtown Sacramento.

In fact, since the Kings’ construction team broke ground in October 2014, the real estate and businesses around the 19,000 seat… Read More

Industrial Buildings: Out with the Old, in with the New

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By: Amber Schiada, Vice President & Director of Research

The industrial real estate market looks set to enjoy another great year in 2016.

Nationally, vacancy in warehouse-distribution, manufacturing and other industrial buildings was just 6.2 percent in Q1, which is 1.2 percent lower than it was in the last cycle (2008).  Between 2014 and the first quarter of 2016, net absorption of industrial real… Read More

Fully engaged – What does your workplace say about your company culture?

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By: JLL Research

 

Screen Shot 2016-03-10 at 11.41.32 AMIn the upcoming weeks, we will share sections of a recent JLL research report that advocates for the importance of ‘workplace expression’ as a crucial tool that improves employee engagement and motivation. The physical design of the workplace can harness and communicate a company’s culture and brand values.

The future of the workplace is changing. The

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Downtown Sacramento Pushes Commercial Real Estate Boundaries

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CRE boundariesBy: JLL Staff Writer

As a city, Sacramento is in the middle of a transitional period, evolving from a Monday-to-Friday government town to an 18-hour city with a “live-work-play” vibe. This evolution will only gain pace in the next few years thanks to the response of developers and community initiatives. 

Mayor Kevin Johnson’s “Think Downtown” campaign echoes the call made in the late 1990s by then… Read More

Urban in-migration and inner-ring suburban overspill in Sacramento

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By: John Sheaffer, Senior Analyst

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Not unlike many other US markets, midtown and downtown Sacramento have benefited from recent population growth, primarily fueled by millennials and baby boomers increasingly eschewing the suburbs for a more urban lifestyle. Regional employers have begun to follow suit. The… Read More

Brokerage says Sacramento office-space absorption nearly tripled in 2015

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By: Ben van der Meer, Sacramento Business Journal

After a strong end to 2015 office leasing, a broker with JLL Sacramento said there’s optimism coming into the new year.

During the fourth quarter, according to JLL, the market absorbed more than 416,000 square feet of vacant office space. Managing director Greg Levi put the year’s total for the region at 985,947 square feet, far beyond the 360,000 reported for 2014.

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“In Line” Shopping Still Beats Online, Despite Cyber Monday Hype 

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December 14, 2015

By: Amber Schiada, VP & Director of Research, JLL

’Tis the season for media reports predicting the end of brick and mortar retail stores.

Some reports regarding recent Black Friday sales estimates have attempted to explain a drop in estimated total bricks-and-mortar sales as evidence of a wholesale move of shoppers from physical to online stores. Such conclusions are hasty and erroneous. The truth is much more nuanced, and represents a gradual shift in… Read More

Sacramento – Law Firm Trends & Outlook

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By: JLL Staff Writer

Large Sacramento law firms looking to renew their leases downtown in the short term may have few options to choose from. Space is being increasingly taken up by the State of California‘s expansion into the area.

We see growth in rental rates for the downtown area continuing over the next 12-24 months, with the overall market turning back towards landlords starting in 2017.

If you’re a smaller firm with flexible space requirements, however,… Read More