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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