JKG
Q3 OFFICE market report 2026 | GALLELLI REAL ESTATE
Gallelli Real Estate 3005 Douglas Blvd #200 Roseville, CA 95661 P 916 784 2700 GallelliRE.com
market overview
Q3 26
16.1%
(±113,000) SF (±187,000) SF
Direct Vacancy Rate
Quarterly Net Absorption
$24.60 PSF
±130,000 SF
5.2%
4.2%
Average Asking Rate (Full Service Annual)
Under Construction
Sacramento Unemployment
United States Unemployment
(August 2026)
(September 2026)
Annual Net Absorption (Last Four Quarters)
*Typically, state, and local unemployment data lags federal data by one month. However, the 2025 federal government shutdown (October/November 12, 2025) resulted in a disruption of normally scheduled data releases. This reflects the most current data available as of the time of this report.
VACANCY TICKS UP AS DOES FLIGHT TO QUALITY TREND Office vacancy ticked up slightly in Q3 2026. It now stands at 16.1%, up from last quarter’s reading of 15.9%. One year ago, local vacancy stood at 15.8%. Since that time vacancy has edged back and forth with demand levels best described as subdued, but stable. The market recorded -113,000 square feet (SF) of net absorption in Q3 (driven primarily by larger space givebacks in the Downtown, Roseville/Rocklin, and El Dorado submarkets). Occupancy growth has been in negative territory for two of the past three quarters. Year-to-date net absorption currently stands at -71,000 SF. But the lion’s share of these losses have come from Class B properties. Class A office properties account for 23.0% (16.0 MSF) of the Sacramento region’s total office inventory (69.5 MSF). Class A vacancy currently stands at 21.6%, down from last quarter’s 21.8% reading and the 22.5% level recorded one year ago. Class A properties recorded 36,000 SF of positive net absorption in Q3 and have posted positive occupancy gains every quarter this year. Year-to-date Class A product in the Sacramento region has recorded 240,000 SF of occupancy growth. Since 2025, Class A product has recorded positive net absorption in three of seven quarters. Class C office properties account for 20.9% (14.6 MSF) of the region’s total office inventory. Vacancy currently stands at 9.0%, down from the midyear mark of 9.3% and a reading of 9.7% a year ago. Class C assets recorded modest occupancy gains to the tune of 29,000 SF in Q3, but year-to-date occupancy growth currently stands at 76,000 SF. Since 2025, Class C product has recorded positive net absorption in five of seven quarters. This quarter, occupancy declines across the Sacramento region were limited to Class B office properties. Class B vacancy now stands at 16.4%, up from the 16.0% reading at the midyear 2026 mark and the 15.4% reading of a year ago. Class B assets
recorded -178,000 SF of negative net absorption in Q3, its third straight quarter of occupancy declines this year. Year-to-date net absorption is in the red to the tune of -387,000 SF. Class B properties are the largest segment of the Sacramento market, accounting for 38.9 MSF of the region’s total inventory (55.9%). But since 2025, Class B product has recorded positive net absorption in only one of seven quarters. This segment of the market has faced its share of challenges in recent years. Space givebacks have been an issue; most of the space that the State of California vacated to relocate into the 1.25 MSF May Lee State Office Campus Downtown starting in 2024 was Class B space. But there is another trend impacting Class B space: Flight to Quality. With rents becoming more competitive for Class A space, and those landlords willing to offer substantial inducements, we have seen an uptick in Class B tenants looking to upgrade into newer, higher-quality buildings, particularly Downtown while commodity office inventory in submarkets like the Highway 50 Corridor has faced greater challenges competing for tenants, especially among occupiers seeking modern, efficient workplaces. Another challenge impacting nearly every office market across the nation is that employment growth has been flat for the primary office using categories of information, financial services, and professional services. While the surge in AI-driven startups has helped to drive office market recoveries in the nearby San Francisco and Silicon Valley office markets, that trend has only played out in a few national tech-heavy markets and has had no impact locally.
According to the State of California Employment Development Department, total jobs in the region increased by 9,100 in the year ending September 2026. However, healthcare, education, and government drove most of these gains. The prime office using categories of financial services (-700), information (-500), and Professional and business services (-200) were all in the red. But one balancing factor has been the sharp decrease in new office development. New office development has nearly disappeared in the region, with nearly all new deliveries since 2021 coming from projects for medical or life science users. There were no new projects delivered to market in Q3. Meanwhile, there were just three projects under construction at the end of Q3. The largest is Dignity Health’s new 92,000 build-to-suit that will deliver in February 2027 and will have no impact on vacancy. The 38,000 SF Riverpoint North Corporate Center Building B from Buzz Oates in West Sacramento is scheduled for a September 2027 delivery but has already been leased. The only speculative building under development is Panattoni’s 6,300 SF addition to its Granite Bay Pavilions office park that is scheduled for Q3 2027 completion.
LEASING ACTIVITY Since the pandemic, average deal sizes have shrunk by about 20% with new leasing volume down roughly 25%. The initial drivers of this trend were the impact of remote and hybrid work trends, though the national office market is now entering its second year of recovery. But this has lagged in Sacramento thanks largely to government (the region’s largest user—accounting for nearly 30% of all occupancy) space givebacks over the last couple of years. Smaller users continue to drive leasing activity in the region. Transactions under 5,000 SF have accounted for about 90% of the lease activity of the past year. Recent activity has been dominated by professional service firms,
though government users are back in the market. For example, the Sacramento District Attorney’s Office inked a 120,000 SF lease at 980 9th Street this year, though they will be vacating a like amount of space across multiple locations to consolidate. Lease rates remain under downward pressure. The current average asking rent of $24.60 per square foot (PSF) annually/$2.05 PSF monthly (on a full service gross basis), is down 2.9% from where it stood a year ago. This is primarily a reflection of the more competitive leasing environment, although we also know a few instances in which new owners that bought challenged properties at reduced pricing are now able to offer discounted rent levels. Keep in mind that these figures are not inflation adjusted. Class A properties have seen the greatest decline; the current average asking rate of $28.96 PSF annually/$2.41 PSF monthly is down -4.6% annually, with many Class A landlords aggressively looking to take advantage of the flight to quality trend. Class B rents have held their own; the current average of $23.99 PSF annually/$2.00 PSF monthly is up a modest 0.8% from last year. Meanwhile, the average asking rent for Class C space is now $19.55 PSF annually/$1.63 PSF monthly. Our brokers report increased concessions on new deals. Five-year leases are now regularly including free rent of as much as five months. While tenant improvement allowances for strong credit tenants were closer to $50.00 PSF a couple of years ago, we’ve seen multiple deals where this metric now is much closer to $100.00 PSF. Rent growth is expected to be challenged in the near-term with the pendulum continuing to favor tenants. We expect distress sales to increase heading into 2027, which could lead to more buildings resetting their rents under new ownership, creating additional downward pressure on rents in key areas.
Q3 26
office market report
OFFICE SALES
LOOKING AHEAD
Through the end of Q3 2026, we have tracked 162 closed office transactions across the Sacramento region. If current sales velocity holds over the final three months of the year, the market will close the year with between 200 and 220 total sale transactions compared to 243 closed deals recorded over the entirety of last year. Through the first nine months of the year, the median price of deals we have tracked is $181.80 PSF, up from 2025’s reading of $150.89, but down from the previous year’s average of $188.43. The average cap rate on closed deals this year currently stands at 6.8%, down from the 7.2% average posted in both 2024 and 2025.
Despite the headwinds created by trade uncertainty, tariffs and energy shocks, the American economy has remained resilient through the first nine months of 2026. That said, performance has been extremely bifurcated.
Nationally, office investment has increasingly become bifurcated between the best and worst performing properties with investors choosing the certainty of income or the certainty of reposition, with little in between. Private investors continue to drive nearly half of all investment transactions nationally, though institutional buyers have increased activity, accounting for roughly 25% of sales volume in the past year. Users have accounted for about 20% of deals. Meanwhile, private investors remain the most active segment of the market, driving about half of all sales activity. There have been similar trends unfolding locally. The largest deal of the past year was Seavest Healthcare Properties’ purchase of the 64,000 SF 80 Iron Point Circle in Folsom from Market Street Healthcare for a reported $25.3 million, or $395.07 PSF. The deal reportedly closed at a 6.9% cap rate. Locally, over the past year private investors have accounted for 54% of all deals, followed by institutional investors (20%), users (19%), and REITs (7%).
On the positive side, corporate profits hit a record annualized rate of $4.8274 trillion in Q2, with that figure likely to be surpassed once the Q3 data is available. Meanwhile, though unemployment ticked up slightly in September, it remains near 50-year lows. But while unemployment is low, hiring has been anemic in what has essentially been a “low-hire, low-fire” economy. Most American stock indices remain at or near record territory, though gains over the past couple of years have been largely driven by AI investment. Oxford Economics estimates that one third of all U.S. economic growth over the past four years has been driven directly or indirectly by AI infrastructure investment and related stock market wealth effects. This has spurred nagging fears of a bubble (AI-linked firms now account for 36% of the value of the entire U.S. stock market) and comparisons to the dot.com bubble of 2000. However, the big difference is that most of the early dot.coms were never profitable while today’s players are among the most profitable enterprises in world history. Lastly, the American consumer continues to show up, even if consumer sentiment polling remains dour and at levels on par with those recorded during the Great Financial Crisis (when unemployment was double the current rate). In September, retail sales were up a robust 6.3%, with most retail categories posting gains well above the corresponding inflation rate of 3.7%. But there are some cracks in the façade in what economists are increasingly
calling a K-Shaped economy. Higher income households, supported by asset appreciation and strong balance sheets, are driving a substantial portion of this spending (economists’ estimates range from 35% to 50%). Meanwhile, lower-earning households, which are largely dependent on wage income that is struggling to keep pace with inflation, are facing greater pressure from diminished savings and higher borrowing costs. Debt levels are an increasing concern. Credit card debt stood at $1.26 trillion as of the end of Q2 2026, with that number expected to increase and likely surpass the $1.28 trillion record when Q3 data is made available in November if for no other reason than interest rates are climbing. Likewise, personal bankruptcies have increased by 12.2% in the year ending Q2 2026, marking the biggest increase since the pandemic (Q3 totals were not available as this report went to press). And so, while the economy has proven resilient so far this year, there are increasing signs of fragility. The greatest challenge currently facing the economy is the current uptick in inflation caused by the ongoing energy shock. Consumers still have not fully adjusted to the impacts of the 2022/2023 inflation wave with the recent uptick creating additional affordability challenges. The same holds true for commercial real estate—construction costs remain up roughly 40% from where they were four years ago but rents have only increased modestly, meaning that most new developments simply don’t pencil, though outside of build-to-suit or medical office, there is little appetite for building speculative office currently. The Federal Reserve raised interest rates in September and there is a strong possibility that there may be more rate increases on the way should the upward trend in inflation continue. This is already impacting local residential real estate with Zillow reporting that local pending sales fell 8.5% in September as the average 30-year mortgage closed the month at 7.28%, though it is far too soon to call this a trend. That said, the local Sacramento economy has fared better than most thanks to continued strong population growth that has outpaced the national average. Over the past year population growth in the region has totaled 0.3%, driven largely by in-migration from higher cost of living Bay Area markets (this is a trend that all inland California markets from the Inland Empire through Central Valley are experiencing). This is not a trend that will be ending anytime soon, though rising interest rates could threaten to dampen migratory patterns as more homeowners get “trapped” into existing lower interest rate mortgages it makes no sense to abandon when the price of money increases.
will continue to benefit from population growth due to being one of the lowest cost-of-living metros in California, but this could slow if we are entering into a protracted period of inflation and rising interest rates. Looking ahead, the outlook for office properties remains cloudy. Minimal new development levels and the growing trend of building conversions should help bring vacancy levels down even with muted demand levels. This is already a rapidly accelerating trend nationally. Costar reports that an average of over 9.0 MSF of space per quarter has been removed over the past 11 quarters, far above the 6 MSF that was typical during the 2010s. They report that the national office inventory could contract by as much as 1% by the end of the decade in what they term “an unprecedented supply-side adjustment.” Already in the last 12 months, demolitions have exceeded deliveries for the first time since they began tracking data in the 1990s. Most of this space is being converted to other property uses— primarily to multifamily residential.
1942 DEL PASO ROAD, SACRAMENTO The trend of building conversions has only begun in the Sacramento region; the most notable projects include 700 J Street (the former Capital National Bank building being transformed to a 107-room hotel), and 1800 3rd Street (Heller Pacific and Hines are converting this 205,000 SF office building to multifamily/ mixed use). Meanwhile, the long-planned conversion of three state office buildings (800 Capitol Mall, 801 Capitol Mall and 751 N Street) to housing remains in limbo (the original developer dropped out). The markets that have seen the greatest amount of office conversion activity so far include New York, Washington DC, Chicago, Los Angeles, Dallas, Denver, Philadelphia, Atlanta, Cleveland, and Cincinnati. Nearly all these markets have enacted public sector policy incentives to help drive this trend. And the trend is growing. More municipalities are realizing that it makes sense to offer tax abatements to developers to convert empty office buildings to desperately needed housing options. But there are other reasons why this trend will be ramping up heading into 2027. Pricing is finally resetting for office distress after multiple years of gridlock between bid and ask. Nationally, office distress sales have increased an estimated 25% since last year, with pricing discounted anywhere from 50% to 70% from pre-pandemic peaks for many of the older Class B and C assets that have been trading. While some of these have gone to owner-users, private investors, institutional capital and opportunistic private buyers have all been active, with many stepping in to snap up cheap assets for selective redevelopment or eventual residential conversions.
1942 DEL PASO ROAD, SACRAMENTO Sacramento is now the 25th fastest growing metro in the United States. In terms of GDP, Sacramento now has the 36th largest economy in the nation—the region’s GDP has grown by 2.0% over the past year. We anticipate that the market
Meanwhile, look for leasing activity to continue at, or near, its current pace with activity focused on smaller users, primarily from local professional services firms and medical or quasi-medical users. Until the region begins to experience a meaningful uptick in office-using employment, leasing activity is likely to remain subdued.
Address Project Name
Select Sacramento Region Office Sales Select Deals Q3 2026 Past 12 Months Sale Date/Year Built/Ren. Total Price Submarket Square Footage Cap Rate Price PSF
Buyer Seller
80 Iron Point Circle Broadstone Business Center
Folsom
Apr 2026 64,080
2000 6.9%
$25.3M $395.07
Seavest Healthcare Properties Market Street Healthcare
10391 Peter A. McKuen Boulevard Mather Office Campus
Highway 50
Aug 2026 106,592
2009 7.6%
$23.6M $221.50
Global Net Lease Modiv Industrial
520 Capitol Mall
Downtown
Nov 2025 80,752
1963/2003 8.4%
$22.3M $267.15
California Housing Finance Agency LeFever Mattson Properties
1386 Lead Hill Boulevard South Placer Business Park Building C
Roseville/Rocklin
Sep 2026 42,195
1998/2024 N/A
$19.0M $450.29
JLL Income Property Trust MCR Companies
855 Howe Avenue
Arden/Howe/Watt
Sep 2026 27,224
1972 N/A
$18.3M $672.20
Corum Asset Management Turner Impact Capital
2825 – 2829 Watt Avenue
Arden/Howe/Watt
Jan 2026 83,783
1957/2018 9.4%
$12.1M $143.82
Richard & Linda Miller Trust John S. Foggy
750 Riverpoint Drive
West Sacramento
Sep 2026 100,000
1991 User Sale
$11.0M $110.00
City of West Sacramento Toor Capital
151 Blue Ravine Road Lake Forest Tech Center
Folsom
Feb 2026 78,794
1983 N/A
$8.04M $102.00
Air Systems VSP Ceres
2101 K Street
Midtown
Jul 2026 25,600
1947-1994 User Sale
$7.8M $304.69
Welbe Health Kitchell
1301 Secret Ravine Parkway
Roseville/Rocklin
Feb 2026 10,088
2008 User Sale
$5.0M $495.64
Sutter Health Robert Himsl
7880 Alta Valley Drive Valley Point
South Sacramento
Apr 2026 31,897
1985 8.12%
$5.0M $156.75
Ly Truong Keller Williams Realty A.V.
3000 L Street
Midtown
Nov 2025 22,164
1982 3.76%
$4.85M $218.82
Sutter Health D&S Development
3720 Madison Avenue
Northeast
Mar 2026 52,929
1991/1999 N/A
$4.8M $90.69
Good Life Construction Scott Robbins
3071 Gold Canal Drive
Highway 50
Jun 2026 11,136
2006 5.76%
$4.7M $422.05
Malli Family Revocable Trust Confidential
400 University Avenue
Arden/Howe/Watt
Dec 2025 16,997
1977 N/A
$4.3M $251.78
Tailwind Investment Group Wasatch Group
1710 Prairie City Road Folsom Corners
Folsom
Dec 2025 14,189
2006 User Sale
$4.26M $300.00
CareDesk Robert Sanders
905 Secret River Drive Lake Crest Village
South Sacramento
Jul 2026 10,749
1980/2022 6.16%
$4.0M $372.13
Chiamulon Family Properties Adriatik Rama
2619 J Street
Midtown
May 2026 7,683
1972/2022 6.08%
$3.95M $514.12
Steve Gasser & Amy Unger Adriatik Rama
900 University Avenue
Arden/Howe/Watt
Dec 2025 12,508
2005
N/A
$3.6M $287.62
Church Investors Fund James B. Williams
11985 Heritage Oak Plaza Heritage Medical Center
Auburn/Lincoln
Dec 2025 18,702
1989 7.95%
$3.58M $191.64
T3RA Logistics Harry Khasigan
500 Menlo Drive Atherton Tech Center
Roseville/Rocklin
Jan 2026 22,979
2001 N/A
$3.33M $145.09
Sharma Investments Coldwell Solar
2390 E. Bidwell Street Broadstone Village
Folsom
Apr 2026 8,000
1999 5.33%
$3.3M $412.50
Lily Chen Lakeside Development Holdings
1919 19th Street
Midtown
Jul 2026 18,685
$171.26 User Sale
$3.2M $171.26
California Interscholastic Foundation S Street Group
943 Reserve Drive Vintage Oaks Office Park Building 8
Roseville/Rocklin
Sep 2026 10,653
2004 User Sale
$3.1M $291.00
Retinal Consultants Medical Group Robert Klotz
4330 Auburn Boulevard Oak Point Office Park
Northeast
Jul 2026 28,894
1984 N/A
$3.06M $105.54
Truck Site Epic Bible College
office market report
JKG
Q3 26
OFFICE MARKET STATISTICS: Criteria based on: 10,000 SF and above, does not include owner occupied, Existing, Under Construction, Proposed, Final Planning Total Number of Buildings
Submarket
Vacant Space Inventory
Net Absorption
Vacancy SF
Vacancy %
Vacancy Last Quarter
Vacancy One Year Ago
Total Quarterly
Total Last Four Quarters
Annual Avg Asking Rent PSF
Avg Annual Asking Rent PSF One Year Ago
Average Asking Rent % Change Annually
Arden/Howe Watt Class A Class B Class C Total
5 86 93 184
530,368 4,553,245 2,738,509 7,822,122
174,642 831,909 270,905 1,277,456
32.9% 18.3% 9.9% 16.3%
31.8% 18.5% 8.9% 16.0%
34.2% 18.3% 9.3% 18.5%
(6,138) 10,949 (27,396) (22,585)
7,001 2,913 (15,053) (5,139)
$24.33 $22.25 $20.98 $22.13
$24.36 $21.66 $21.35 $21.80
(0.1%) 2.7% (1.7%) 1.5%
Class A Class B Class C Total
31 26 57
684,587 458,638 1,143,225
65,839 34,112 99,951
0.0% 9.6% 7.4% 8.7%
0.0% 10.1% 8.6% 9.5%
0.0% 7.8% 6.8% 7.4%
3,487 5,200 8,687
(12,572) (3,059) (15,631)
$0.00 $18.95 $16.15 $17.45
$0.00 $18.41 $18.35 $18.39
N/A 2.9% (12.0%) (5.1%)
Class A Class B Class C Total
20 63 83 166
4,782,870 4,088,500 2,407,712 11,279,082
945,844 921,138 272,365 2,139,347
19.8% 22.5% 11.3% 19.0%
19.9% 21.8% 9.6% 18.4%
19.2% 22.8% 8.9% 18.3%
8,054 (29,320) (40,098) (61,364)
(26,652) 11,370 (57,800) (73,082)
$38.98 $30.29 $22.99 $32.82
$39.01 $31.04 $23.16 $34.44
(0.1%) (2.4%) (0.7%) (4.7%)
Class A Class B Class C Total
1 36 27 64
28,564 982,822 517,573 1,528,959
166,403 49,770 216,173
0.0% 16.9% 9.6% 14.1%
0.0% 9.3% 16.3% 11.5%
10.8% 6.1% 16.9% 9.8%
(74,849) 34,512 (40,337)
3,096 (106,574) 37,827 (65,651)
$31.20 $26.66 $17.70 $24.93
$31.20 $28.82 $17.68 $26.39
0.0% (7.5%) 0.1% (5.5%)
Class A Class B Class C Total
2 81 47 130
131,166 2,569,443 1,078,863 3,779,472
134,503 49,143 183,646
0.0% 5.2% 4.6% 4.9%
3.7% 5.3% 5.3% 5.3%
1.9% 6.3% 6.4% 6.2%
4,872 2,259 8,246 15,377
2,500 26,925 20,176 49,601
N/A $26.98 $18.52 $23.78
N/A $28.41 $18.27 $24.55
N/A (5.0%) 1.4% (3.1%)
Class A Class B Class C Total
7 66 15 88
538,526 2,738,505 469,428 3,746,459
61,343 367,516 3,277 432,136
11.4% 13.4% 0.7% 11.5%
12.8% 13.7% 0.7% 12.0%
6.2% 10.7% 1.4% 8.9%
7,627 8,032 15,659
(27,798) (75,148) 3,440 (99,506)
$28.38 $29.27 $24.25 $28.92
$28.74 $28.23 $24.44 $28.25
(1.3%) 3.7% (0.8%) 2.4%
21 151 67 239
2,241,900 8,761,248 1,757,344 12,760,492
653,025 2,278,884 166,646 3,098,555
29.1% 26.0% 9.5% 24.3%
29.9% 25.6% 9.6% 24.1%
32.3% 23.1% 10.0% 22.9%
16,539 (40,222) 1,192 (22,491)
71,947 (252,969) 8,785 (172,237)
$22.69 $20.68 $15.00 $20.75
$22.44 $20.19 $14.51 $20.38
1.1% 2.4% 3.4% 1.8%
Class A Class B Class C Total
4 57 39 100
860,660 3,279,255 759,996 4,899,911
180,592 232,800 111,156 524,548
21.0% 7.1% 14.6% 10.7%
21.6% 7.2% 15.3% 11.0%
21.0% 8.1% 15.8% 11.5%
5,548 1,788 5,158 12,494
31,518 9,061 40,579
$43.20 $31.46 $21.75 $29.14
$43.20 $30.75 $21.87 $28.73
0.0% 2.3% (0.5%) 1.4%
Class A Class B Class C Total
32 56 17 105
3,378,051 2,616,041 548,655 6,542,747
840,121 480,611 63,860 1,384,592
24.9% 18.4% 11.6% 21.2%
25.5% 18.2% 13.2% 21.6%
24.9% 17.5% 13.2% 21.0%
22,214 (5,204) 8,778 25,788
1,895 (22,787) 8,778 (12,114)
$25.74 $22.94 $16.21 $24.23
$28.03 $22.43 $15.97 $25.96
(8.2%) 2.3% 1.5% (6.7%)
Class A Class B Class C Total
1 40 67 108
90,909 1,275,004 1,594,810 2,960,723
175,277 163,689 338,966
0.0% 13.7% 10.3% 11.4%
0.0% 14.1% 10.5% 11.7%
0.0% 15.1% 9.9% 11.8%
5,006 3,656 8,662
17,367 (5,828) 11,539
N/A $20.35 $17.56 $18.89
N/A $19.39 $17.38 $18.22
N/A 5.0% 1.0% 3.7%
Class A Class B Class C Total
31 147 48 226
2,744,223 5,282,285 1,407,977 9,434,485
530,435 535,683 70,698 1,136,816
19.3% 10.1% 5.0% 12.0%
18.5% 9.3% 5.5% 11.4%
21.4% 9.6% 9.6% 13.0%
(23,150) (43,235) 6,578 (59,807)
56,072 (28,120) 64,563 92,515
$28.43 $25.98 $16.37 $25.28
$28.36 $25.53 $16.08 $25.31
0.2% 1.8% 1.8% (0.1%)
Class A Class B Class C Total
6 47 41 94
718,712 2,022,014 826,547 3,567,273
81,589 194,398 62,594 338,581
11.4% 9.6% 7.6% 9.5%
11.4% 8.8% 10.4% 9.7%
18.6% 9.1% 9.9% 11.2%
(16,275) 23,395 7,120
52,098 (9,479) 19,029 61,648
$33.98 $26.84 $24.30 $27.86
$35.94 $25.87 $24.68 $28.80
(5.5%) 3.7% (1.5%) (3.3%)
Totals
1,561
69,464,950
11,170,767
16.1%
15.9%
15.8%
(112,797)
(187,478)
$24.60
$25.34
(2.9%)
Class A
130
16,045,949
3,467,591
21.6%
21.8%
22.5%
35,566
140,159
$28.96
$30.36
(4.6%)
Class B
861
38,852,949
6,384,961
16.4%
16.0%
15.4%
(177,584)
(417,556)
$23.99
$23.79
0.8%
Class C
570
14,566,052
1,318,215
9.0%
9.3%
9.7%
29,221
89,919
$19.55
$19.70
(0.8%)
Auburn/Lincoln
Downtown Sacramento
El Dorado Hills
Elk Grove/South Sacramento
Folsom
Highway 50/Rancho Cordova Class A Class B Class C Total Midtown/East Sacramento
Natomas
Northeast Sacramento
Roseville/Rocklin
Yolo County
GALLELLI BROKER TEAMS INVESTMENT Gary Gallelli
Pat Ronan
CEO - Partner gary@gallellire.com
Vice President pat@gallellire.com
Aman Bains
Vice President abains@gallellire.com
Adam Rainey
Vice President arainey@gallellire.com
RETAIL Kevin Soares
Bob Berndt
Jeff Hagan
Matt Goldstein
Kurt Conley
Vice President mgoldstein@gallellire.com
Senior Associate kconley@gallellire.com
Bryan Wirt
Brandon Sessions
Kannon Kuhn
Executive Vice President | Partner bberndt@gallellire.com
Executive Vice President | Partner ksoares@gallellire.com
Senior Vice President | Partner jhagan@gallellire.com
Phillip Kyle
Senior Vice President pkyle@gallellire.com
Senior Vice President bwirt@gallellire.com
OFFICE Senior Vice President bsessions@gallellire.com
INDUSTRIAL Rick Phillips
Managing Director rphillips@gallellire.com
Associate Vice President kkuhn@gallellire.com
Bruce Wirt
Senior Vice President bruce@gallellire.com
LAND
RESEARCH Ed Benoit
Land/Investments ebenoit@gallellire.com
Skip Andreae
Land/Investments sandreae@gallellire.com
Garrick Brown VP, Real Estate Intelligence & Business Development
gbrown@gallellire.com
Gallelli Real Estate 3005 Douglas Blvd #200 Roseville, CA 95661 P 916 784 2700 GallelliRE.com