TRI Commercial Releases Findings in Q4 2018 Office Research Report
SACRAMENTO (January 28, 2019) – Sacramento witnessed a steady decline in vacant space during this most recent economic cycle and reported 10.16% at the end of 2018. The current vacancy rate is now in line with national vacancy for the first time since 2012. “The office sector will continue to perform well, as it has over the last few years – slow and steady increases as it relates to rent growth and demand,” said Vice President, Brandon Sessions. “However, we could see a plateau as mortgage companies, and housing-related sectors consolidate due to the slowing of the housing market.”
Highlights from the report include:
About TRI Commercial/CORFAC International
Founded in 1977, TRI Commercial/CORFAC International is a leading Northern California commercial real estate brokerage and property management (with over 4 million square feet of commercial property under management) firm specializing in San Francisco, East Bay and the Sacramento Metro property markets. The company has expertise in tenant and landlord representation services and helps clients buy and sell commercial and investment-grade property. The company serves office, retail, and land, multifamily and industrial property sectors, with offices in San Francisco, Walnut Creek, Oakland, Roseville, Sacramento, and Rocklin. For more information, visit www.tricommercial.com or call Dina Gouveia in Corporate Marketing at 925.269.3305 CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. For more information on the CORFAC call the Chicago headquarters at 224.257.4400 or visit www.corfac.com.