Newest articles on The Sacramento Press tagged as "housing market"Sacramento Office Market Favoring TenantsWilliam Gallahueheadline-149512009-10-14T21:35:30Z2009-10-14T21:35:30Z<p>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. </p>
<p>According to Reid Boggiano of <a href="http://www.sactenantadvisors.com" target="_blank">Sacramento Tenant Advisors</a>, 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. </p>
<p>"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 years ago."</p>
<p>Even businesses that aren't looking to expand might be able to save money by renegotiating an existing lease. Companies that leased space when rates were at their peak, can cut their costs by up to $0.15- $0.25 per square foot depending on their requirements and landlord's willingness to deal. It is generally cheaper for building owners to keep existing tenants so many landlords will be receptive to negotiating new deals.</p>
<p>Below is a list of major submarkets in Sacramento with asking rates for <a href="http://www.sactenantadvisors.com/office-market-information.htm" target="_blank">office space</a>. These prices do not necessarily represent the lowest rate in each market, rather they show the general asking rates for their respective markets and may be higher or lower depending on your company's requirements. </p>
<p>Arden<br />
Starting Rates: $1.20/Sqft/Month NNN<br />
Class A Starting Rates: $1.85/Sqft/Month Full Service</p>
<p>Auburn<br />
Starting Rates: $1.00/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.83/Sqft/ Month Full Service</p>
<p>Cal Expo - Point West<br />
Starting Rates: $1.20/Sqft/Month NNN<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>Carmichael<br />
Starting Rates: $1.20/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Davis Office Space<br />
Starting Rates: $1.30/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>Del Paso Office Space<br />
Starting Rates: $1.25/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Downtown<br />
Starting Rates: $1.25/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.87/Sqft/ Month Full Service</p>
<p>East Sacramento<br />
Starting Rates: $1.20/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>El Dorado Hills<br />
Starting Rates: $1.10/Sqft/Month NNN<br />
Class A Starting Rates: $1.87/Sqft/ Month Full Service</p>
<p>Elk Grove<br />
Starting Rates: $1.20/Sqft/Month NNN<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>Fair Oaks<br />
Starting Rates: $1.15/Sqft/Month NNN<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Fairfield<br />
Starting Rates: $1.35/Sqft/Month Full Service<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service<br />
Folsom<br />
Starting Rates: $1.30/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>Fulton<br />
Starting Rates: $1.20/Sqft/Month Modified Gross</p>
<p>Howe<br />
Starting Rates: $1.30/Sqft/Month Modified Gross<br />
Class A Starting low as $1.80/Sqft/ Month Full Service</p>
<p>Laguna<br />
Starting Rates: $1.20/Sqft/Month NNN<br />
Class A Starting Rates: $1.85/Sqft/ Month Full Service</p>
<p>McClellan<br />
Starting Rates: $1.00/Sqft/Month NNN</p>
<p>Midtown<br />
Starting Rates: $1.25/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>North Natomas<br />
Starting Rates: $1.30/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Placerville<br />
Starting Rates: $1.15/Sqft/Month NNN</p>
<p>Rancho Cordova<br />
Starting Rates: $1.15/Sqft/Month NNN<br />
Class A Starting Rates: $1.75 Sqft/ Month Full Service</p>
<p>Rocklin<br />
Starting Rates: $1.30/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.90/Sqft/ Month Full Service</p>
<p>Roseville<br />
Starting Rates: $1.25/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.85/Sqft/ Month Full Service</p>
<p>South Natomas<br />
Starting Rates: $1.40/Sqft/Month Modified Gross<br />
Class A Starting Rates: $1.75/Sqft/ Month Full Service</p>
<p>South Sacramento<br />
Starting Rates: $1.10/Sqft/Month NNN</p>
<p>Vacaville<br />
Starting Rates: $1.25/Sqft/Month NNN<br />
Class A Starting Rates: $1.85/Sqft/ Month Full Service</p>
<p>West Sacramento<br />
Starting Rates: $1.10/Sqft/Month NNN<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Woodland<br />
Starting Rates: $1.00/Sqft/Month NNN<br />
Class A Starting Rates: $1.80/Sqft/ Month Full Service</p>
<p>Yuba City<br />
Starting Rates: $1.20/Sqft/Month NNN<br />
Class A Starting Rates: $1.75/Sqft/Month Full Service</p>
<p> </p>William Gallahue2009-10-14T21:35:30Z