2019 Q2 Sacramento Retail Report

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Sacramento’s retail market experienced a slight uptick in the vacancy rate in the second quarter of 2019 as some big box store closures begin to put upward pressure on vacancy. Nevertheless, net absorption is still positive so far this year. The market also posted an 11-year low vacancy rate last quarter and is still down year-over-year. With stable market fundamentals and a growing population, three new shopping centers broke ground this quarter in three separate suburban submarkets (South Sac, Elk Grove, and El Dorado Hills) while new concepts continue to open in new mixed-use projects in an expanding urban core.

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2019 Q2 Sacramento Retail Report

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Bob Shanahan | Colliers International | Sacramento

Bob Shanahan

Research Manager

Sacramento

I entered commercial real estate at the start of 2015 at Colliers in Seattle/Bellevue and have accumulated more than four years of commercial real estate research experience. A writer by nature, I am always trying to tell the story behind the numbers and go above and beyond to add value to our team of brokers. Forever teachable and eternally curious. Passionate about real estate and dedicated to taking Colliers to the next level. I strive to stay abreast of all pertinent trades and significant transactions in whatever market I am tracking, providing up-to-date analytics, market knowledge, and forward-thinking thought leadership. I am a journalist by trade and a natural-born storyteller, digging into the statistics and crafting a forward-looking narrative, providing valuable insights to the brokers I support.

I have ample experience in office, industrial, multifamily, and retail research, assisting brokers in the leasing and selling of property. I focused primarily on the office and industrial markets in the Seattle/Puget Sound region from 2015-2017. From the fall of 2017 to early 2018, I was the office market research analyst at JLL in Sacramento, spending most of my time on Downtown office landlord rep-related work. Since May 2018, I have been back at Colliers in my hometown of Sacramento. Knowledge in the legal and political realms. Avid writer and hard worker each and every day. Interests include politics, economics, cultural trends, public policy, history, real estate, and geopolitics. Ready for anything that comes my way and willing to do whatever it takes to put out the best product possible and add an ever elevating amount of value.  

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