THE HEALTH OF THE CAPITAL’S CRE MARKET & ECONOMY

As the commercial real estate industry picks itself up and dusts itself off, much attention and interest is falling on some of the country’s tertiary markets — like Sacramento. Though shelter-in-place and work from home was especially tough on the market, particularly its downtown core, there are signs of optimism.

Amazon and Panattoni are working together on a new 207K SF industrial facility and as migration out of Bay Area cities rises, new multifamily developments are picking up steam, including the Mill at Broadway, led by 29th St. Capital and Bardis Homes.

As the development community cautiously moves forward to meet industrial and multifamily demands, GSEC is working on enhanced employee experience across the city, establishing a FinTech consortium, and a digital upskilling of the region’s workforce.

Bisnow is pleased to bring together an esteemed panel of Barry Broome, Paul Petrovich, and Abbie Wertheim, to discuss the state of Sacramento’s CRE market and economy.