On average, listings lease in the $30's per square foot per year. The Downtown Sacramento submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 36 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 164% of the available space in the Downtown Sacramento are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,630 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 8 stories. Most buildings in this market were built in 1975 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Downtown Sacramento folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.