Coworking Spaces in Sacramento, CA
Sacramento is the capital of California and home to over 2.1 million people in the metropolitan area. The city has been one of the fastest-growing in California. Sacramento’s economy is powered by a winning blend of public and private sector firms, including government, education, finance, and health care. Major employers in the Sacramento metro area include the State and County, UC Davis Health and Dignity Health, and Kaiser Permanente.
Startups, entrepreneurs, and established businesses looking for flexible office space in Sacramento have a variety of options to choose from. There’s the ever-present WeWork, along with smaller operators like Outlet Coworking, The Trade Coffee & Coworking, and Hacker Lab.
Freelancers in Sacramento make up about 7% of the workforce. People working in the information, professional, scientific and management sectors account for over 25% of the total freelance labor pool in the metro area.
Coworking Market in Sacramento, CA
There are 29 locations and a combined total of over 664,000 sq. ft. of coworking space in Sacramento. The share of office space in Sacramento used for urban coworking facilities is 2.4%, while shared space in Sacramento suburban submarkets accounts for just 0.8% of the total office inventory. Coworking companies have also helped absorb Class A office inventory in the market. Vacancy rates for Class A office space in the Central Business District have declined to 3.9% while suburban Class A vacancy rates are just 6.8%, according to Cushman & Wakefield.
The job market continues to gradually diversify away from public sector employers, with the unemployment rate at just 3.7% and below the national average. Both the public and private sector are attracted by the well-educated workforce in Sacramento.
Between 2013 and 2017, the number of people holding bachelor’s degrees or higher increased by 22%. The science and engineering, education, and arts and humanities fields saw the greatest growth in degree holders, with gains of between 25.7% and 33.7% over that four-year period.
Update: COVID-19’s Impact on Commercial Real Estate
May 21, 2020
The economy has been devastated. We’re facing depression-level unemployment and all of us are wondering what our new normal will look like. While the stock market has recovered slightly it tells an uneven story of e-commerce, the expansion of tech and the devastation in retail, travel and experi...
COVID-19’s Impact on Commercial Real Estate
April 10, 2020
The economy was on a roll in February. Even as the severity of the pandemic was taking shape in China, the U.S. remained on the upswing. But, since then, the economy, markets, jobs and businesses have been dwindling. Last week, Yardi Matrix hosted a webinar on how COVID-19 is affecting commercia...
Why Coworking Options Are A Brilliant Employee Perk
March 23, 2020
Coworking is a great option for many people. But the flexible working opportunities these spaces offer also bring a range of benefits to enterprises. So, should you offer coworking as an employee perk? Benefits are an important component of your employment package. Research reveals 78% of worker...
What is coworking?
Coworking is a collaborative and flexible work style that involves a shared workplace or shared office space. The difference between coworking and traditional offices is that people who work in a coworking space don’t usually work for the same company or organization. This is why these collaborative work spaces appeal to freelancers, small businesses, solopreneurs, and independent workers. The coworking provider that manages the space handles all the services and amenities, to make sure all individual needs are covered. Many coworking spaces offer services such as event space and conference rooms, free wi-fi, virtual business addresses, 24/7 access, pet-friendly policies, printer and fax services, as well as the ability to rent office space by the hour, the day, the month, or long-term.
How to find the right coworking space in Sacramento, CA
CommercialCafe is your go-to source for finding coworking & shared spaces in Sacramento, CA. Search our selection of in Sacramento, CA coworking spaces and find the right provider for your workspace needs. Our database includes 14 coworking office properties, so you can easily find your space and start working. Use our advanced search feature and filters to find the right shared office space, by selecting your desired price, neighborhood, and amenities such as complimentary Wi-Fi, coffee and tea, printing and scanning services or pet-friendly policies. Whether you’re looking to rent office space for a day, trying to find an hourly office rental, or searching for a longer-term option, we’ve got you covered.