SACRAMENTO—March marked the 9th consecutive month of positive growth for the four-county regional’s largest sectors, which helped bolster the overall job growth rate at 1.8%. So says recent research from JLL.
According to the firm, Government and trade, transportation and utilities still lag behind their respective pre-recession levels, however, the firm says that educational and health service jobs have actually exceeded that benchmark by roughly 15,000 jobs, largely due to healthcare gains. In 2013, healthcare and government accounted for 90% of leasing activity in the Sacramento office market.
Amber Schiada, director of research in the Northern California and Rocky Mountain Region at JLL, explains that“Sacramento’s office recovery has moved in tandem with the employment recovery. Healthcare is the standout, with more jobs now than the pre-recession peak, and it has also accounted for a large share of leasing activity since the recovery began.”
See the chart below for more.