On average, listings lease in the $10's per square foot per year. The Southern Pacific - Richards submarket is going through a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Greater Sacramento market, the Southern Pacific - Richards submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 18,240 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1977 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southern Pacific - Richards residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.