Matt Sarro | Colliers International | Sacramento

Matt Sarro

Senior Vice Presdient

License # 01942991

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About

Professional Summary

Multifamily investors rely on my honest and educated advice to help them make good business decisions. It is my duty to my client to stay up to date on current rental rates, occupancies, and trends of the many submarkets in the Greater Sacramento Area. By working with both institutional and local apartment owners, I can look at any deal from different perspectives. As a native Sacramentan, I have first-hand experience of the economic cycles that have impacted our market. I am passionate about helping Sacramento become a thriving community and I believe our business owners, small and large, are at the heart of that.  

I joined Colliers International in 2014 after spending a year specializing in apartment sales around the Central Valley. After making the transition to Colliers, I decided to remain focused on multifamily properties. I now specializes in representing investors and owners within Sacramento County and Northern California. Throughout mytenure in the business I have sharpened my expertise within Sacramento and continue to remain focused on multifamily investment opportunities for my clients. Leveraging my business finance and real estate experience adds value to my clients whether I am getting a property properly marketed and sold or underwriting potential investments.

Accomplishments

2017 Colliers International Everest Club

2017 Colliers International #15 Multifamily Broker Company-Wide

2017 Colliers International #209 Overall Company-Wide 

2017 Colliers International Sacramento #2 Salesperson

2017 ACRE Multifamily Broker of Year Nominee

2016 Colliers International Rookie of the Year

2016 ACRE Rookie of the Year Nomine

Education

Bachelor of Science in Business, Concentration in Finance from California State University, Chico

Memberships & Involvements

Association of Commercial Real Estate (ACRE)

Services

Skills
Financial Analysis, Investment Properties
Service Lines
Capital Markets
Property Types
Multifamily
Featured Research
Jul 29, 2020
2020 Q2 Sacramento Multifamily Market Report
Sacramento’s apartment market fundamentals held up through the second quarter of 2020. However, the COVID-19 pandemic has stalled sales activity, resulting in the lowest number of quarterly transactions going back to early 2009. Monthly rents remained virtually unchanged from the first quarter. New supply delivering over the next year and depressed demand will place downward pressure on rents moving forward. Market occupancy increased 20 basis points from the first quarter as unemployment benefits and an eviction moratorium have kept renters in their units.
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Jun 2, 2020
2020 Q1 Sacramento Multifamily Market Report
Sacramento’s apartment market got off to a strong start in 2020. Sales volume of $228.6 million suggests buyer interest in this strong market, where occupancy rates are staying north of 96 percent and monthly rents are rising around 4% per year. The market average sale price per unit hit its second highest mark on record in Q1 2020, however, the COVID-19 pandemic has put future price growth in doubt. Since March 17, California has been on a statewide “stay at home” order as landlords become increasingly concerned about falling rent collections. That being said, Sacramento was the second-ranked metro in the nation for paid rent at 94.7 percent.
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Feb 5, 2020
2019 Q4 Sacramento Multifamily Market Report
At the close of 2019, Sacramento’s apartment market remained one of the strongest in the nation. The city’s population growth of 1.5 percent was the fastest growing of any major city in California while the state recorded its lowest annual growth rate since 1900 at 0.35 percent.
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