Sacramento, CA Office Overview
The Sacramento Metropolitan Area includes the Rosemont, Belmont, and Downtown Sacramento submarkets. With a metropolitan population of nearly 2.3 million, Sacramento is the state capital of California and the sixth-fastest growing city in the state. The tech, health care, and government sectors all provide consistently strong demand for employment.
As of mid-2017, the market encompasses over 37 million square feet of existing office space in properties larger than 50,000 square feet. The city's centralized Northern California location and government nexus attracts companies in the tech & energy, advanced manufacturing, and business & financial services, that generate robust demand for office space.
Sacramento, CA Office Inventory Description
Both public and private industries are attracted to Sacramento's strategic location, skilled workforce, and affordable cost of doing business. With a gross metropolitan product of over $128 billion annually, the demand for white-collar office space in Sacramento remains strong. Nearly 64% of the office space in Sacramento is Class A or A+, while Class B office space adds another 55%.
Downtown Sacramento is one of the fastest-growing submarkets in the city. Situated along I-5 and the Sacramento River, the area is home to prime Class A properties such as U.S. Bank Tower, 1201 K Street, and Wells Fargo Center.
Sacramento, CA Commercial Inventory Breakdown
Office Spaces
Total: 51,503,752 SF
By square footage range:
- 50k to 100k SF: 9,700,051 SF / 18.83% of total office
- 100k to 500k SF: 27,909,526 SF / 54.19% of total office
- 500k to 1M SF: 9,355,414 SF / 18.16% of total office
- > 1M SF: 4,538,761 SF / 8.81% of total office
By class:
- Class A+: 2,045,641 SF / 3.97% of total office
- Class A: 19,740,873 SF / 38.33% of total office
- Class B: 23,032,728 SF / 44.72% of total office
- Class C: 1,705,855 SF / 3.31% of total office
Top 10 Largest Office Buildings
in Sacramento
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Franchise Tax Board Office Complex | 9645 Butterfield Way, 95827 | 1,814,056 | 1984 |
| Capitol Area East End Complex | 1501 Capitol Avenue, 95814 | 1,474,705 | 2003 |
| CalEPA Headquarters | 1001 I Street, 95814 | 950,000 | 2001 |
| Capitol Square | 450 N Street, 95814 | 868,131 | 1991 |
| Natural Resources Headquarters | 715 P Street, 95814 | 838,000 | 2021 |
| Resources Building | 1416 9th Street, 95814 | 656,625 | 1964 |
| 744 P Street | 744 P Street, 95814 | 620,000 | 1969 |
| Lincoln Plaza East & West | 400 Q Street, 95811 | 538,162 | 2005 |
| DMV Headquarters | 2415 1st Avenue, 95818 | 518,364 | 1960 |
| 722 & 800 Capitol Mall | 722 Capitol Mall, 95814 | 505,832 | 1957 |
Largest Office Properties Recently Completed
in Sacramento
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Natural Resources Headquarters | 715 P Street, 95814 | 838,000 | 2021 |
| Capitol Annex Swing Space | 1021 O Street, 95814 | 472,000 | 2021 |
| Clifford L. Allenby Building | 1215 O Street, 95814 | 372,000 | 2021 |
| Natomas Crossing Quad B - Building A | 4201 East Commerce Way, 95834 | 255,900 | 2020 |
| Natomas Crossing Quad B - Building B | 4201 East Commerce Way, 95834 | 255,900 | 2020 |
| River Plaza Office Building | 2600 River Plaza Drive, 95833 | 60,000 | 2019 |
| Natomas Pointe Plaza - Building E | 2920 Advantage Way, 95834 | 30,000 | 2019 |
| Office at The Ice Blocks | 1610 R Street, 95811 | 171,924 | 2018 |
| 700 North 10th Street | 700 North 10th Street, 95811 | 162,353 | 2011 |
| Sutter Medical Plaza Sacramento | 1625 Stockton Blvd, 95816 | 143,210 | 2011 |
Sacramento, CA Green Office Space
Of the Top 30 Green Office Markets in the U.S., Sacramento ranks #22 for energy-efficient office buildings. While over 3% of the office buildings larger than 50,000 square feet are LEED-Certified, just over 9% rank as Energy Star-rated and nearly 11% are recognized as green buildings.
The Lincoln Plaza East & West buildings downtown are brilliant examples of green offices. Built in 2005, the project has more than 538,000 square feet and is LEED-Certified Platinum. As tenants, national and global investors seek out green office assets for their portfolios, the green trend will continue to grow.
The National Green Building Adoption Index for 2017 surveyed the top 30 major U.S. markets, looking at the percentage of energy efficient buildings. Sacramento has placed 22nd on this survey, which includes EPA Energy Star-rated properties. Since 2005 the percentage of green certified buildings has increased from 5% to 38% mid-2017.
Sacramento, CA's Top Office-Using Sectors
Sacramento's centralized location, enticing business climate attracts a diverse mix of business and industry within healthcare, government, and educational sectors.
- Health Care – Sutter Health, the UC Davis Health System, Kaiser Permanente, and Dignity Health.
- Government – State of California, Sacramento County, the City of Sacramento, and the three unified school districts in the area.
- Higher Education – California State University, University of California - Davis, and the UC Davis Medical Center.
- Corporate Offices – Blue Diamond Growers, Aerojet, Teichert, and the McClatchy Company.
Frequently Asked Questions
How much does office space cost in Sacramento, CA?
The average office rental rate in Sacramento, CA is $23.97 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Sacramento Office Market Trends for more stats.
What is the size of available office spaces in Sacramento, CA?
The Sacramento, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 163,550 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Sacramento, CA is 100 square feet, while the maximum rentable space on the market now is 327,000 square feet.
How do I get office space in Sacramento, CA?
Start your search for office space in Sacramento, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Sacramento, CA?
There are 685 office listings on the Sacramento, CA market. See all available office spaces for rent.
Where to rent an office space in Sacramento, CA?
Popular Sacramento neighbourhoods with available office spaces include Downtown Sacramento, Midtown - Winn Park - Capital and Point West.
What other property types are available for lease in Sacramento, CA?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Sacramento Demographics
Population
- Total Population500,930
- Male Population(48.9 %) 245,188
- Female Population(51.1 %) 255,742
- Median Age34.50
Income/Financial
- Average Household Income$83,184
- Median Household Income$62,335
- Median Income Under 25$29,171
- Median Income 25-44$65,852
- Median Income 45-64$72,388
- Median Income Over 65$48,942
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