Showing articles 1 - 2 of 2 tagged as "commercial real estate"

Diners choose burgers over steak

Sacramento's restaurants are a clear reflection of the times, with high-end establishments taking a beating and fast food expected to continue to rise in 2010. As the recession continues, top-tier central city restaurants such as 55 Degrees and Masons have closed or begun transforming into more affordable dining. Similarly high-end chains, such as Ruth's Chris Steak House, just outside the central city, and Morton's The Steakhouse, and celebrated local establishments are reported to be in trouble. Casual restaurants have also been seriously hurt by the economy. But fast-food restaurants like McDonald's are expanding and the demand for "fast-casual" restaurant concepts is exploding. "Eve

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Sacramento Office Market Favoring Tenants

Sacramento's office space market will continue to favor tenants as vacancy rates increase and businesses consolidate existing office space. That combination is allowing prospective tenants to negotiate deals that may not have been possible before the economic downturn. According to Reid Boggiano of Sacramento Tenant Advisors, companies looking for class B or C office space will be able to get deals and allowances that weren't possible during the economic boom. "It hasn’t been this much of a tenant’s market in Sacramento for a good many years," said Boggiano. "Right now we are negotiating rent reductions and generous tenant improvement allowances that we wouldn't have imagined only a few

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