Sacramento Office Tops $1B Mark for Third Year

A 399,636-square-foot office property is for sale at 1515 S St. in downtown Sacramento.

SACRAMENTO, CA—According to Cushman & Wakefield’s latest investment report, Sacramento office investments exceeded the $1 billion mark for the third consecutive year in 2018, with nearly $1.14 billion in transactions. Last year represented the highest dollar volume on record for Sacramento’s office market.

“Sacramento continues to draw significant interest from investors looking to capitalize on the burgeoning local economy,” says William Austin, senior analyst with Cushman & Wakefield research in Sacramento. “Total investment activity across all sectors reached $1.14 billion during the fourth quarter of 2018, the seventh consecutive quarter surpassing $1 billion. This lifted the overall total for 2018 to $4.48 billion, the highest annual amount since 2000.”