SACRAMENTO-According to recent research from Jones Lang LaSale, average asking rents vary quite noticeably in the greater suburban market in Sacramento. Folson, for example, has newer class A product that is located in close proximity to Highway 50 where as the class B product is older with the typical three-story suburban office space layout, says JLL research.
The highway 50 corridor has the overall lowest rental rates in both class A and class B product due to a majority of the office space is large campus parks used for data centers or large insurance or corporate users.
The research also shows that Roseville has the widest rental rate gap due to class A product is perceived as the suburban CBD. There is a higher demand for class A space as well as the “live, work and play” environment attracts tenants that are willing to pay a premium for office space, says JLL.
The South Natomas area, according to JLL research, has the smallest rental rate gap attributed to comparable class A and class B product. However, it has the highest overall rental rates due to close proximity to Downtown Sacramento, but offers free parking as a concession.
See the chart below for more.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
