2019 Q2 Sacramento Office Report

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Sacramento’s office market remains on stable ground through the first half of 2019. The market vacancy rate is now at a 17-year low with future occupancies in the second half of the year expected from Penumbra, Department of Business Oversight, UC Davis, WeWork, Regus/Spaces, California Public Utilities Commission, and EA Capital Games poised to drop the vacancy rate further. Tenant activity is strong across the market with large occupancies from the State of California and Sacramento County offsetting move-outs from Adventist Health, Aerojet, and Allstate this quarter. As quality office space disappears from sought after submarkets and new construction has been tepid this cycle, tenants will continue to face higher rental rates.

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2019 Q2 Sacramento Office Report

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