Q2 Sacramento Industrial Report Released

By: cnmAdmin2030 | July 2, 2018

In comparison to the previous quarter, the vacancy rate decreased to 4.31%, which remains the lowest vacancy rate seen to-date for the Sacramento Region. At the end of the second quarter, the average asking triple net lease rate for the Sacramento industrial market was $0.52, which is a $0.05 increase from the previous quarter. Transaction activity at the close of the second quarter was 6.22 million square feet, which is an increase from the previous quarter’s figure of 3.88 million square feet. Six industrial projects are currently under construction in the Sacramento market. The largest of those projects is a 65,300 square foot Class B industrial building in the West Sacramento submarket expected to be delivered June 2019. Overall, the Sacramento industrial market has out-paced other commercial property types with an impressively low vacancy rate and increasing lease rates.