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Sacramento Office Space Rates Decline

The Sacramento office market experienced a year-over-year decline of up to 13 percent for key submarkets as landlords began lowering prices and offering incentives in order to attract tenants. In addition with businesses downsizing or closing offices altogether, more space has come on the market which has helped to drive down prices even further. The following section shows the year-over-year declines for the average price of space in key Sacramento submarkets. (The price range factors in specific location and class of space) : Downtown - 2009 rates are 8 to 11 percent lower El Dorado Hills - 2009 rates are 7 to 11 percent lower Elk Grove - 2009 rates are 8 to 11 percent lower Highway

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