Strong Employment Sustains Office Recovery

SACRAMENTO-After balancing the budget earlier this year, State agencies with green on their ledger actively sought to execute deferred real estate decisions and expand their footprint in the Sacramento region accordingly. That is according to Elliot Williams, local research analyst at Jones Lang LaSalle. “The private sector continued to make strides as well with professional services, healthcare, and insurance providers contributing to overall gains for the quarter,” he says. 

In all, according to Williams, the region recorded just less than 685,000 square feet of positive absorption—the highest level seen since 2005—bringing the year-to-date total to 992,000 square feet. “Growth in administrative employment is a telling sign that confidence is improving as businesses begin to bring back jobs that were lost during the downturn,” he adds.