Sacramento – Retail Market Report – Q1 2022

Capital Rivers Commercial - Sacramento Retail Market Report Q1 2022

Market Summary.

The Sacramento retail market has benefited from solid net migration activity throughout the metro. Demographics improve as highly skilled employees leave the Bay Area in favor of the low-cost high quality of life the region provides. New retailers, like Anthropologie and Salt & Straw, recently signed leases at the Ice Blocks in Midtown. While Anthropologie has an existing location in Roseville, Salt & Straw is new to the region, expanding from the Bay Area.

Key Takeaways.

  • As demand returns, so does investment, which has increased significantly beginning in 21Q4 and continued since, resulting in a total sales volume of $1.2 billion over the past 12 months.
  • Sacramento retail rents have reached $23.00 with gains of 3.7% in the past 12 months beating the annual average over the last five years of 3.0%
  • A vacancy rate that was slowly ticking upward at the start of the pandemic has since flattened while rents are up 3.7% over the past 12 months, both good indicators of the improving retail landscape in Sacramento.

The numbers.

Sacramento - Retail Market Report - Q1 2022

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