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SACRAMENTO—March marked the 9th consecutive month of positive growth for the four-county regional's largest sectors, which helped bolster the overall job growth rate at 1.8%. So says recent research from JLL.
According to the firm, Government and trade, transportation and utilities still lag behind their respective pre-recession levels, however, the firm says that educational and health service jobs have actually exceeded that benchmark by roughly 15,000 jobs, largely due to healthcare gains. In 2013, healthcare and government accounted for 90% of leasing activity in the Sacramento office market.
Amber Schiada, director of research in the Northern California and Rocky Mountain Region at JLL, explains that“Sacramento's office recovery has moved in tandem with the employment recovery. Healthcare is the standout, with more jobs now than the pre-recession peak, and it has also accounted for a large share of leasing activity since the recovery began.”
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.
