The Sacramento Commercial Real Estate Market

• Sacramento continues to attract both residents and businesses seeking a more affordable alternative to California’s major coastal markets.
• Growth across the region is consistent and widespread, supporting long-term demand for commercial space in both the city and surrounding suburbs.
• A broader mix of industries is shaping the local economy, creating more consistent demand across asset types.
• Industrial and retail properties continue to benefit from strong fundamentals tied to logistics, population growth, and consumer activity.
• Office and multifamily sectors are in a period of adjustment, with shifting demand patterns influencing leasing and pricing trends.
• Investment activity remains active, with both local and out-of-market buyers showing continued interest in Sacramento assets.

Sacramento is one of California’s more balanced commercial real estate markets, offering proximity to major economic hubs without the high level of cost pressure. For brokers, investors, and tenants, that balance creates a steady stream of opportunity across the region, from the urban core to the surrounding suburbs.

Crexi supports the Sacramento market by bringing listings, data, and deal activity into a single connected platform. That visibility helps professionals stay in touch with what’s happening across the region and make more informed decisions as opportunities take shape.

Across the U.S., Crexi has facilitated more than $900 billion in closed transaction value and has featured over $7 trillion in commercial property listings since launching in 2016. In Northern California, Crexi supports professionals throughout Sacramento, Roseville, Folsom, and across Sacramento County, helping them stay connected to real-time market activity and demand.

Sacramento Commercial Real Estate Overview

Sacramento has long played a key role in California’s economic landscape, but in recent years, it has taken on a more dynamic identity. As the state capital, it benefits from a stable government presence, yet the city’s growth now extends well beyond that foundation. New residents, shifting business patterns, and continued development have all contributed to a market that feels both grounded and forward-moving.

Its location remains a key advantage. Sacramento offers access to the Bay Area and Northern California’s broader economy, while maintaining a level of affordability that continues to attract both companies and talent. That dynamic has supported population growth and helped diversify the local economy, bringing added depth to the region’s commercial real estate activity.

Today, Sacramento reflects a market that is evolving without losing its core strengths. There is a sustainable pace to development, supported by long-term demand and a growing base of professionals choosing to live and work in the region. For investors and brokers, that combination of stability and measured growth continues to position Sacramento as a market worth watching.

Sacramento Regional Context

Sacramento has always had a solid rate of population growth, but in recent years, it’s taken on new momentum. More people are choosing the region for its balance of opportunity, livability, and relative affordability within California. That influx has supported a broader expansion across the metro area, with surrounding communities seeing meaningful growth alongside the city itself. As more residents put down roots, the region continues to build a stronger foundation for long-term economic activity.

• There are more than 535,000 people living in Sacramento, and over 2.4 million in the larger Sacramento-Roseville-Folsom metropolitan area.
• Sacramento, Yolo, and Placer counties have consistently ranked among the fastest-growing regions in California post-pandemic. 
• The median age in Sacramento is 36.6, which is slightly younger than both the California and US figures overall. 
• In the Sacramento metro area, per capita income is $47,539, while median household income is $98,775 (both figures are higher than the US overall data).
• Although the cost of living in Sacramento is about 24% higher than the national average, it is still significantly more affordable than other California metros, such as Los Angeles or San Francisco. 
• The Greater Sacramento area has been named the #1 place to live in California, as well as the best place in the state for first-time homebuyers.

Sacramento Job Market

Sacramento’s job market has broadened in ways that are easy to see across the region. What was once heavily tied to government employment now includes a wider mix of industries, from healthcare and education to technology and advanced manufacturing. That shift has helped support growth while bringing in new talent and business activity. For CRE investors, it translates to a more balanced and dependable source of demand across the metro area.

• The Sacramento-Roseville-Arden-Arcade MSA boasts a GDP of $189.6 billion, up from $149 billion since 2010.
• The unemployment rate is 4.8% as of December 2025, according to the U.S. Bureau of Labor Statistics (BLS).
• Key industries in Sacramento include agri-food tech, cleantech, life science, precision manufacturing, semiconductors, healthcare, higher education, and tech. 
• There are 19 major public and private universities and colleges in Sacramento County, including California State University - Sacramento, the University of California - Davis, and American River College.
• Sacramento’s major employers include healthcare systems like Sutter Health, UC Davis Health, and Dignity Health, as well as globally recognized technology companies such as Intel and Apple. 
• Current real estate development in Sacramento ranges from multifamily development and residential neighborhoods to mixed-use districts and industrial properties. 
• Nearly 38% of the residents hold bachelor's or postgraduate degrees.
• Transportation infrastructure includes interstate highways I-5 and I-80, Sacramento International Airport, and the Port of West Sacramento for maritime commerce.

Sacramento Industrial Market

Market overview (Cushman & Wakefield Q4 2025)

• Inventory: 148,719,076 SF
• Vacancy rate: 6%
• Absorption: -657,362 SF (YTD)
• Key leases by tenant: DMM Holdings (320,000 SF), Amerimax Building Products (108,000 SF), Utility Partners of America (40,984 SF)
• Under construction: 1,051,400 SF 
• Largest submarkets: Power Inn Area, West Sacramento, McClellan

Crexi Insights

These are the most recent industrial lease and sales trends from Crexi Insights (as of April 2026):

For Lease (active)

• Asking rate/SqFt (median): $13 per year
• Median SqFt/listing: 5,809
• Days on market: 279
• Total listings on Crexi: 283 spaces

For Sale (active)

• Median asking price: $2.3 million
• Price/SqFt: $218
• Asking cap rate: 5.9%
• Days on market: 156
• Total listings on Crexi: 75

Sales Comps (past 12 months)

• Median sold price: $2.2 million
• Sold price/SqFt: $162
• Total sales volume: $447.6 million
• Median SqFt sold/transaction: 10,400
• Total SqFt sold: 1.8 million
• Days on market (median): 292

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Sacramento Office Market

Office activity across the Sacramento region has settled into a more measured pace, with tenants taking a thoughtful approach to space decisions. Government and healthcare users continue to provide a strong foundation, while many private companies are reassessing how much space they need and where it should be. At the same time, industries like life sciences, healthcare, and technology are beginning to show more interest, drawn by the region’s workforce and cost advantages. While leasing can feel uneven at times, there’s a quiet shift happening as newer demand starts to take shape.

Market overview (Cushman & Wakefield Q4 2025)

• Inventory: 69,035,468 SF
• Vacancy rate: 14.6%
• Absorption: -120,358 SF (YTD)
• Key leases by tenant: Deloitte (41,017 SF), CommonSpirit Health (33,144 SF), InterWest Insurance Services (27,148 SF)
• Largest submarkets: Highway 50, Downtown, Roseville/Rocklin

Crexi Insights

Looking for the most recent insights into the Sacramento office market? Crexi Intelligence provides a comprehensive look at the city's commercial real estate landscape, covering everything from recent property transactions to leasing trends. 

Here are the latest figures (as of April 2026):

For Lease (active)

• Asking rate/SqFt (median): $21 per year
• Median SqFt/listing: 2,260 SF
• Days on market: 380
• Total listings on Crexi: 864 spaces

For Sale (active)

• Median asking price: $1.3 million
• Price/SqFt: $262 
• Asking cap rate: 6.2%
• Days on market: 257
• Total listings on Crexi: 94

Sales Comps (past 12 months)

• Median sold price: $1.1 million
• Sold price/SqFt: $270
• Total sales volume: $104.3 million
• Median SqFt sold/transaction: 5,688 SF
• Days on market (median): 264

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Sacramento Retail Market

The Sacramento retail market has held relatively steady, even as the mix of tenants continues to shift. National brands are still targeting well-located centers, while newer concepts - particularly in fitness, food, and service-based uses - are filling space in both established and growing areas. 

Projects like the Baseline Marketplace in West Roseville, anchored by a new Costco, point to continued confidence in key submarkets where population growth is driving demand. While some vacancies have returned to the market, leasing activity has held up, keeping the overall outlook stable as the retail landscape continues to evolve.

Market overview (CBRE Retail Figures Report Q4 2025)

• Inventory:  49,377,057 SF
• Vacancy rate: 5.7%
• Absorption: -49,142 SF (2025 Net) 
• Key leases by tenant: Haus Gym & Recovery (24,000 SF), Barnes & Noble (20,000 SF), Five Below (6,600 SF)
• Under construction: 297,000 SF
• Largest submarkets: Roseville, Laguna/Elk Grove, Folsom/El Dorado Hills

Crexi Insights

Here’s a snapshot of the most recent lease and sales retail trends from Crexi Insights (as of April 2026):

For Lease (active)

• Asking rate/SqFt (median): $21 per year
• Median SqFt/listing: 2,078 SF
• Days on market: 364
• Total listings on Crexi: 577 spaces

For Sale (active)

• Median asking price: $2 million
• Price/SqFt: $260
• Asking cap rate: 6%
• Days on market: 166
• Total listings on Crexi: 130

Sales Comps (past 12 months)

• Median sold price: $1.1 million
• Sold price/SqFt: $215
• Total sales volume: $400.7 million
• Sold cap rate: 8.9%
• Median SqFt sold/transaction: 4,560 SF
• Days on market (median): 226

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Sacramento Multifamily Market

Sacramento’s multifamily market has eased into a slower rhythm after several years of rapid growth. New deliveries have given renters more choice, which has softened rent growth and increased the use of concessions in some areas. At the same time, occupancy has held up, and investor activity picked up toward the end of the year with several large transactions closing. With construction starting to taper off, the market is beginning to find a better balance between supply and demand.

Market overview (Colliers Q4 2025)

• Multi-unit inventory: 162,979 units
• Vacancy rate: 4.8%
• Average rent per unit: $1,979
• Units under construction: 2,179
• Units delivered: 2,068 (YTD)
• Units absorbed: 736 (YTD)
• Largest submarkets: South Sacramento/Elk Grove, Central Sacramento, Roseville/Rocklin

Crexi Insights

Here are the most recent multifamily insights from Crexi (as of April 2026):

For Sale (active)

• Median asking price: $1.5 million
• Price/SqFt: $275
• Price/Unit: $179,800
• Asking cap rate: 5.5%
• Days on market: 132
• Total listings on Crexi: 62

Sales Comps (past 12 months)

• Median sold price: $513,800
• Sold price/SqFt: $237
• Sold price/unit: $189,200
• Total sales volume: $626.3 million
• Sold cap rate: 5.9%
• Total SqFt sold: 1.3 million
• Days on market (median): 191

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Get more in-depth Sacramento market data with Crexi Intelligence.