WeWorksigned a 96,300-square-foot lease at 660 J St. in Sacramento in thethird quarter.
SACRAMENTO—The Sacramento office market maintained its positivemomentum in the third quarter of 2019, which is typically theslowest quarter of the year, according to Newmark Knight Frank'sthird quarter research report. The office market posted 197,968square feet of positive net absorption and brought the year-to-datetotal to a positive 621,605 square feet.
"This marks the 12th consecutive quarter of positive netabsorption for the market. The overall vacancy rate also dropped to10.8% from 11.2%," according to Chris Lemmon, NKF executivemanaging director.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
