Q3 RETAIL 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
8.0%
±64,000 SF
±180,000 SF
Direct Vacancy Rate
Quarterly Net Absorption
Annual Net Absorption
$2.31 PSF
±68,000 SF
Average Asking Rate (NNN)
Under Construction
5.2%
4.2%
Sacramento United States Unemployment Unemployment (Aug 2026)
(Sep 2026)
*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.
LACK OF SUPPLY, NOT DEMAND, BEHIND FLAT NUMBERS As of the close of Q3 2026, shopping center vacancy across the Sacramento region stood at 8.0% for the third consecutive quarter. Following a first quarter that recorded -177,000 square feet (SF) in space givebacks, the market has been back in growth mode. But the 119,000 SF of positive net absorption in Q2 and this quarter’s gains of 64,000 SF eradicated those early losses. Year-to-date, the market has absorbed just under 6,000 SF of space in total. Meanwhile, developers have added 207,000 SF of new product so far this year, the lion’s share of which has been leased quickly. As this report went to press, there was just 68,000 SF of space under construction, nearly all of which were additional pad buildings being developed at existing local shopping centers. We track 66.2 million square feet (MSF) of shopping center space across the region. Community and neighborhood centers account for 58.4% of this inventory, or 38.7 MSF of space. Vacancy for this product type currently stands at 7.5%, down slightly from the midyear reading of 7.6% but back to where it stood exactly one year ago. This asset class, typically anchored by grocery or drug stores, remains the most active in the region both in terms of leasing and development. Community/neighborhood centers recorded 71,000 SF of positive net absorption in Q3, bringing year-to-date occupancy growth to just over 131,000 SF. Just over 34,000 SF of new space was delivered in Q3, bringing year-to-date deliveries to 201,000 SF.
deliveries of new product so far this year, though there is 28,000 SF of space currently under construction. The region’s lifestyle centers and malls have also reflected a similar pattern. Vacancy levels that have remained at, or near, where they stood at the beginning of the year. Meanwhile both net absorption (demand) and new construction (supply) levels have been constrained. With a vacancy rate of 8.0%, it might be easy to assume that market demand is flat. But this is not the case. The challenge is one of a lack of available quality space. Nearly all the region’s existing vacancy is in older, Class B and C properties. We are currently tracking 5.7 MSF of total shopping center availability in the region. Over half of that space has been marketed for over a year and nearly all of it is within properties that are at least 25 years old (pre-2000). Vacancy for shopping centers built from 2000 onward is only 4.5%. Space that has been built in the last decade currently accounts for just 6% of all local availability with newly available spaces continuing to lease quickly. Meanwhile, more than two thirds of the region’s currently available space was built before 1990.
Big box anchored power centers account for just under 10.8 MSF of product regionally, with this asset type accounting for 16.3% of Sacramento’s shopping center inventory. Vacancy metrics have held steady at 5.6% since the start of the year. Power centers recorded negative net absorption to the tune of -144,000 SF in Q1, but since that time occupancy growth has been flat, as has new development. Unanchored strip retail accounts for 13.4% of the region’s shopping center inventory, or 8.9 MSF of product. Vacancy has stood at 6.5% for the past two quarters. One year ago, this metric stood at 6.7%. Strip retail accounted for just 4,000 SF of occupancy growth in Q3, bringing year-to-date net absorption to 32,000 SF. There have been no
Newly available space, particularly in newer shopping centers continues to move briskly. Over 30% of the leases inked this year have been for space that was available for six months or less. Grocery, restaurant, fitness, and discount retailers (ranging from offprice apparel to dollar and warehouse stores) have been the most active tenant types.
The challenges have been almost entirely limited to older properties with our brokers specializing in tenant representation and site selection reporting that the greatest challenge for retailers looking to expand in the area remains the lack of quality available space. Lack of supply, rather than lack of demand, is the reason occupancy growth has been relatively flat. New development in the region remains constrained. Scheduled Q4 deliveries should add another 50,000 SF of inventory to the region (over 80% of which already have tenant commitments), but we will end 2026 with about 250,000 SF of new product. This is less than the 292,000 SF of shopping center space that was built in 2025. In fact, the last time the region recorded more than 250,000 SF of new development in a year was 2020. This is because construction costs have skyrocketed roughly 40% over the past five years. While most of this increase occurred during the 2022/2023 inflation spike, those costs have continued to climb over the last couple of years due to the impact of tariffs and the ongoing energy shock. But rents have only increased about 9.0% during this time, meaning that most speculative new development simply does not pencil. Some estimates have suggested that retail rents would need to rise upwards of 30% from the current market average before most planned projects could justify construction. With inflation likely to remain elevated heading into 2027, this challenge is not going to end soon. The current average asking rate for shopping center space in the region is $27.72 per square foot (PSF) annually/$2.31 PSF monthly on a triple net basis. This number has increased 1.3% over the past year. One of the emerging challenges to rent growth both nationally and within the Sacramento region has been rapidly escalating expenses. Most retail leases in the area utilize a triple net structure with the tenant responsible for property taxes, building insurance, and common area maintenance in addition to their base rent. But expenses are climbing on all fronts. The largest spike is coming from building insurance with many landlords reporting 10% to 20% increases in renewal premiums over the past year. This is a national trend with severe weather events (ranging from hurricanes in the Gulf states to wildfires in the west) typically blamed. Meanwhile, ongoing tariffs on imported construction materials like steel, aluminum, copper, and lumber have
significantly increased replacement cost valuations. This translates into insurers raising the insured value of properties to match these replacement costs and passing on those costs in increased premiums to tenants. Meanwhile, common area maintenance costs have increased an estimated 5% to 10% over the past year. These charges typically go towards maintenance for parking lots, roofing, structural lighting, automated security systems, and other miscellaneous labor costs. Persistent labor shortage in the skilled trades (paving, roofing, HVAC) paired with the high cost of petroleum products (asphalt for parking lot resurfacing, etc.) have driven up the cost of routine property upkeep. Lastly, property taxes have been on the rise. The net result is that tenants are seeing significant jumps in these “hidden costs” that limit the ability of landlords to raise base rents. But, while this trend has resulted in flat to negative rental growth for industrial properties (which also typically utilize net lease structures), it hasn’t done so for retail. We anticipate rent growth to likely tick up heading into 2027 despite the issue of rising net expenses. One of the reasons for this is that retailer sales productivity is generally improving for most of the concepts that are growing most aggressively, supporting higher occupancy costs. Lease economics should remain favorable for owners heading into 2027, barring any catastrophic economic events. Rent spreads continue to run above historic averages and landlords are generally offering lower concession packages, and reduced tenant improvement allowances. Retail fundamentals (locally and nationally) are increasingly being shaped by a structural shortage of space, rather than cyclical economic issues. While tenant demand may not be at the levels we saw during the post pandemic rebound of 2021/2022, demand remains far strong than the market’s ability to build new space. Meanwhile, closures and bankruptcies are down considerably this year. The one exception has been an uptick of fast food franchisee bankruptcies nationally, but those spaces (particularly if they have drive-thrus) are generally being backfilled quickly. Value categories remain in growth mode, as do grocery stores, fitness concepts, off-price apparel, restaurants, service retail, and less traditional retail space using categories like medical retail (everything from urgent care to physical therapy), veterinary hospitals and car washes.
Address Project Name
Select Sacramento Region Retail Sales Select Deals Q3 2026 Past 12 Months Sale Date/Year Built/Ren. Total Price Submarket Square Footage Cap Rate Price PSF
Buyer Seller
386-388 Elm Avenue Auburn Town Center (portion)
Auburn/Lincoln/ Loomis
Jul 2026 67,411
1984/1997 User Sale
$19.15M $284.09
Jim Pattison Developments Save Mart Portfolio Owner Fund
10635 Folsom Boulevard Cordova Village Shopping Center
Highway 50
Oct 2025 55,255
2001 6.31%
$15.71M $284.23
Jim Pattison Group McNellis Partners
8320 Delta Shores Circle S. Delta Shores (portion)
South Sacramento
Dec 2025 85,131
2021 User Sale
$12.9M $151.53
Realty Income Properties Living Spaces
3291 Truxel Road San Juan Village (portion)
Natomas
Oct 2025 51,316
1980 User Sale
$12.29M $239.55
Jim Pattison Group Oak Street Real Estate Capital
1815 Douglas Blvd (Hobby Lobby) Placer Center Plaza (portion)
Roseville/Rocklin
Jul 2026 75,754
1983/1993 6.49%
$9.97M $131.64
Mani Imports Realty Income Properties
5500 – 5550 Sunrise Boulevard Sunrise Marketplace
Carmichael/ Citrus Heights/ Orangevale
Jun 2026 15,349
1987/2009 N/A
$8.7M $566.81
Curbline Properties SKN Properties
8796 Calvine Road (Arco) Calvine Pointe (portion)
Elk Grove
Nov 2025 3,349
2025 5.11%
$8.6M $2,567
G-Tech Fellers Enterprises Petrovich Development
3311 W. El Camino Ave (7 Eleven)
Natomas
Mar 2025 4,650
2023 5.3%
$8.57M $1,843.66
Bruce Cowgill Imad Mansour
311-337 E. Bidwell Street Folsom Lake Shopping Center
Folsom
Jun 2026 40,821
1961 Redevelop.
$8.5M $208.23
Folsom Land Investments Sparsh Mengi
1617 Douglas Boulevard Douglas Plaza
Roseville/Rocklin
Feb 2026 35,988
1974 6.39%
$8.5M $236.19
Gregory Sutter Carrington Company
6135 San Juan Avenue (Kohl’s) San Juan Shopping Center (portion)
Carmichael/ Citrus Heights/ Orangevale
Dec 2025 67,200
2009 N/A
$8.2M $122.02
Transnational Investments Katalina Dresner
3721 Truxell Rd (Shell Gasoline) Natomas Marketplace (portion)
Natomas
Sep 2026 3,300
1998 N/A
$8.01M $2,426.67
H&S Energy Group David D. Tooley
Apr 2026 3,000
2023 5.53%
$7.39M $2,461.67
121 EGA Limited Partnership Merlone Geier
1911 Cosumnes River Blvd (7 Eleven) South Sacramento Delta Shores (portion) 6401 Rio Linda Boulevard
Rio Linda/North Highlands
Jan 2026 4,600
1990 N/A
$6.9M $1,500
Satnam Singh Jujhar Keile
5730 Douglas Boulevard
Granite Bay
Apr 2026 9,661
2017 User Sale
$6.75M $698.69
Little Sunshine Playhouse & Preschool James O’Keefe
1021 Saratoga Way (Shell Gasoline) Village Square Center (Portion)
El Dorado Hills
Sep 2026 1,200
1986 N/A
$6.53M $5,443.33
H&S Energy Group David C. Tooley
805 – 831 Harbor Boulevard Harbor Corners
West Sacramento
May 2026 22,198
1992 6.5%
$6.2M $279.30
CJ Park & Associates Terrance Casey
805 – 831 Harbor Boulevard Harbor Corners
West Sacramento
May 2026 22,198
1992 6.5%
$6.2M $279.30
CJ Park & Associates Terrance Casey
1896 Arden Way (Kohl’s) Point West Plaza (portion)
Arden/Howe/Watt
Dec 2025 72,304
1973/2003 N/A
$6.0M $82.98
Sansome Pacific Properties Realty Income Corporation
1161 Galleria Boulevard (AAA) Westfield Galleria at Roseville (port)
Roseville/Rocklin
Feb 2026 10,047
2000 6.1%
$5.9M $587.24
Clifford Orloff Curt Nielsen
106 Harding Boulevard
Roseville/Rocklin
Dec 2025 10,320
1972 6.37%
$5.7M $552.33
Agree Realty Corporation Peery-Arillaga
800 Riverpoint Drive Riverpoint Marketplace (portion)
West Sacramento
Sep 2026 4,400
2001 N/A
$5.51 $1,252.73
H&S Energy Group David C. Tooley
4319 Elkhorn Boulevard Elkhorn Plaza Center (portion)
Rio Linda/North Highlands
Jul 2026
2005 User Sale
$5.11M $140.23
Del Valle Supermarket Ethan Conrad Properties
Q3 26
retail market report 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 the 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%.
SALES ACTIVITY According to the Costar Group, retail investment sales activity continued to accelerate nationally through Q3 2026 with transactional volume up roughly 20%. Despite increasing sales velocity, most retail asset types and classes have not recorded meaningful price appreciation. Quarterly transaction volume now exceeds pre-pandemic levels. Activity has been supported by a broad buyer base that includes private investors, REITs, and selective institutional capital, with each group often targeting different segments of the market. The increase in sales reflects gradually improving liquidity conditions and easing in credit availability. However, investor expectations have become more measured after the market's anticipated path for interest rate cuts have so far failed to materialize in 2026. Treasury yields have recently moved above 4.5%, and when combined with slowing rent growth, upward pressure on valuations has largely dissipated. Capital availability has improved despite the higher rate environment. Banks have reported stronger loan demand and modestly more accommodative underwriting standards, helping facilitate an increase in transaction volume. Cap rates have remained largely unchanged over the past year, reflecting a balance between improved liquidity and higher long-term borrowing costs. Net lease assets continue to command the lowest yields within the retail sector, particularly properties with drive-thru windows leased to national QSR chains (despite the recent uptick in closures as there remains a deep pool of tenants looking for drive-thrus). Meanwhile, grocery-anchored neighborhood centers also remain in strong demand, continuing to trade in the 6.0% range. As of the third quarter of 2026, retail pricing remains stable despite uneven tenant demand. Limited new construction, combined with general retail availability rates that remain in the low-single-digit range, continues to support property fundamentals and limit downward pressure on values. Over the next six to 12 months, retail pricing is likely to remain range-bound, with capital flows supported by constrained supply and improving credit availability, while elevated Treasury yields and moderating rent growth limit the potential for significant cap rate compression.
LOOKING AHEAD 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. On the positive side, corporate profits hit a record annualized rate of $4.827 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
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 (economist 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. 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. 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 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. From a retail perspective, though the greater economy continues to face headwinds, these headwinds tend to favor the discounters and value-oriented retailers that are driving expansion. As such, fundamentals are likely to remain solid heading into 2027, with store openings outpacing closures and limited new supply driving rental rate growth. That said, we will likely continue to see minimal absorption numbers due to the shrinking inventory of quality space available to lease. Increasingly look for tenants to compete for renewals and future vacancy rather than existing available inventory due to how constrained supply has become. In this environment, tenants are increasingly competing against one another for a limited pool of available space.
Q3 26
retail market report Criteria based on: Retail in a Shopping Center. Includes Existing, Under Construction, Proposed, Final Planning Net Absorption
Submarket
Inventory
Existing Vacant SF
Arden/Howe/Watt
7,112,725
760,778
Strip Centers
1,084,312 3,843,654 516,411 1,668,348
88,541 307,042 120,526 244,052
3,160,267 397,287 1,690,069 886,752 186,159 -
Vacancy Direct (%)
SF Delivered
SF Under Construction
Avg. Asking Rate PSF
Avg Asking Rent PSF One Year Ago
Average Asking Rent % Change Annually
Total Quarterly
Last Four Quarters
10.7%
17,873
69,935
-
-
$3.02
$3.00
0.7%
8.2% 8.0% 23.3% 14.7%
(2,329) 20,819 (617)
9,635 (35,321) (38,461) 134,699
-
-
$2.10 $2.27 $2.26 N/A $3.05
$2.01 $2.22 $2.22 N/A $3.03
4.5% 2.3% 1.8% N/A 0.7%
170,018
5.4%
7,650
67,047
24,200
-
$2.06
$2.03
1.5%
20,899 140,430 8,689 -
5.3% 8.3% 1.0% 0.0% 0.0%
10,848 (3,198) -
(1,004) 71,249 (3,198) -
24,200 -
-
$1.97 $2.11 $2.52 N/A N/A
$1.98 $2.08 $2.55 N/A N/A
(0.5%) 1.4% (1.2%) N/A N/A
7,832,631
1,330,494
17.0%
(21,887)
38,677
-
-
$2.13
$2.08
2.4%
1,393,992 4,923,276 337,828 1,177,535
114,846 444,928 7,529 763,191
8.2% 9.0% 2.2% 0.0% 64.8%
(781) (42,426) 21,320
(7,397) 55,444 5,013 0 (14,383)
-
-
$2.15 $1.59 $2.23 N/A N/A
$2.12 $1.52 $2.15 N/A N/A
1.4% 4.6% 3.7% N/A N/A
Davis/Woodland
3,402,031
191,486
5.6%
(3,984)
(53,101)
-
-
$2.35
$2.35
0.0%
Strip Centers
233,240 2,230,531 496,715 441,545
15,751 170,613 5,122 -
6.8% 7.6% 1.0% 0.0% 0.0%
1,700 (4,604) (1,080) -
1,535 (53,556) (1,080) -
-
-
$2.23 $2.20 $3.54 N/A N/A
$2.18 $2.14 $3.54 N/A N/A
2.3% 2.8% 0.0% N/A N/A
1,493,019
109,969
7.4%
(1,266)
(23,553)
-
-
$2.70
$2.67
1.1%
422,752 509,780 560,487 -
29,164 52,347 28,458 -
6.9% 10.3% 0.0% 5.1% 0.0%
(1,266) -
(10,844) (20,331) 7,622 -
-
-
$2.66 $3.14 N/A N/A N/A
$2.60 $3.14 N/A N/A N/A
2.3% 0.0% N/A N/A N/A
El Dorado Hills
2,629,025
239,315
9.1%
(16,900)
(12,352)
-
-
$2.23
$2.22
0.5%
Strip Centers
363,406 1,703,080 562,539 -
55,125 180,456 3,734 -
15.2% 10.6% 0.0% 0.7% 0.0%
(1,008) (19,734) 3,842 -
(4,430) (7,922) -
-
-
$2.17 $2.31 N/A $3.08 N/A
$2.15 $2.34 N/A $3.05 N/A
0.9% (1.3%) N/A 1.0% N/A
4,733,414
197,246
4.2%
11,948
90,293
10,000
-
$2.36
$2.28
3.5%
578,207 2,762,211 1,032,395 360,601 -
30,659 121,927 2,900 41,760 -
5.3% 4.4% 0.3% 11.6% 0.0%
52,310 1,398 (41,760) -
(1,722) 122,932 8,343 (39,260) -
10,000 -
-
$2.31 $2.58 $2.63 $3.15 N/A
$2.23 $2.50 $2.63 $3.05 N/A
3.6% 3.2% 0.0% 3.3% N/A
4,392,447
128,615
2.9%
1,274
40,085
-
-
$2.30
$2.20
4.5%
391,120 3,132,116 869,211 -
9,044 90,274 29,297 -
2.3% 2.9% 0.0% 3.4% 0.0%
1,000 (3,371) 3,645 -
6,776 9,382 23,927 -
-
-
$2.12 $2.34 N/A $3.28 N/A
$2.10 $2.28 N/A $3.28 N/A
1.0% 2.6% N/A 0.0% N/A
Highway 50
3,398,847
457,403
13.5%
(26,344)
(95,697)
-
6,800
$2.01
$2.00
0.5%
Strip Centers
654,817 2,744,030 -
46,381 411,022 -
7.1% 15.0% 0.0% 0.0% 0.0%
(3,652) (22,692) -
17,080 (112,777) -
-
6,800 -
$1.89 $2.04 N/A N/A N/A
$1.88 $2.06 N/A N/A N/A
0.5% (1.0%) N/A N/A N/A
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Auburn/Lincoln/Loomis Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Carmichael/Citrus Heights/ Orangevale Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Downtown/Midtown/East Sacramento Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Elk Grove Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Folsom Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Q3 26
retail market report Criteria based on: Retail in a Shopping Center. Includes Existing, Under Construction, Proposed, Final Planning Net Absorption
Submarket
Inventory
Existing Vacant SF
Natomas
3,078,087
104,611
Regional/Super Regional Malls
216,449 1,417,586 1,444,052 -
8,302 43,787 52,522 -
Rio Linda/North Highlands
2,810,180 708,144 2,102,036 -
Roseville/Rocklin Strip Centers
Vacancy Direct (%)
SF Delivered
SF Under Construction
Avg. Asking Rate PSF
Avg Asking Rent PSF One Year Ago
Average Asking Rent % Change Annually
Total Quarterly
Last Four Quarters
3.4%
6,400
(31,156)
-
17,183
$2.11
$2.10
0.5%
3.8% 3.1% 3.6% 0.0% 0.0%
1,500 6,400 (1,500) -
(1,120) 238 (30,274) -
-
17,183 -
$2.16 $2.15 N/A N/A N/A
$2.15 $2.15 N/A N/A N/A
0.5% 0.0% 0.0% 0.0% N/A
184,197
6.6%
19,742
20,633
-
-
$1.83
$1.80
1.7%
32,598 151,599 -
4.6% 7.2% 0.0% 0.0% 0.0%
2,022 17,720 -
8,892 11,741 -
-
-
$1.72 $1.86 N/A N/A N/A
$1.73 $1.75 N/A N/A N/A
(0.6%) 6.3% N/A N/A N/A
11,483,103
529,866
4.6%
44,481
73,344
-
39,341
$2.30
$2.21
4.1%
1,102,128 5,272,765 3,247,438 460,711 1,400,061
64,017 326,071 114,113 25,665 -
5.8% 6.2% 3.5% 5.6% 0.0%
7,643 28,952 5,810 2,076 -
24,501 102,694 (46,347) (7,504) -
-
10,535 28,806 -
$2.01 $2.35 $2.46 $3.03 N/A
$2.02 $2.26 $2.47 $2.95 N/A
(0.5%) 4.0% (0.4%) 2.7% N/A
8,641,433
805,349
9.3%
25,088
(55,430)
-
-
$2.21
$2.16
2.3%
1,235,436 5,539,523 1,744,473 122,001 -
50,778 410,224 286,785 57,562 -
4.1% 7.4% 16.4% 47.2% 0.0%
(426) 26,695 (1,181) -
(17,102) 45,079 (29,018) -
-
-
$1.87 $2.08 $2.44 $2.55 N/A
$1.87 $2.07 $2.44 $2.58 N/A
0.0% 0.5% 0.0% (1.2%) N/A
West Sacramento
2,062,133
56,004
2.7%
-
(3,263)
-
5,012
$2.12
$2.06
2.9%
Strip Centers
108,826 864,902 1,088,405 -
7,638 44,715 3,651 -
7.0% 5.2% 0.3% 0.0% 0.0%
-
(1,671) (1,592) -
-
5,012 -
$2.00 $2.24 $2.43 N/A N/A
$2.03 $2.17 $2.42 N/A N/A
(1.5%) 3.2% 0.4% 0.0% N/A
66,229,342
5,265,351
8.0%
64,075
179,851
34,200
68,336
$2.31
$2.28
1.3%
Strip Centers
8,890,116
573,743
6.5%
4,403
24,800
-
27,718
$2.17
$2.14
1.4%
Community/ Neighborhood Centers
38,735,559
2,895,435
7.5%
70,917
187,181
34,200
40,618
$2.24
$2.22
0.9%
Power Centers
10,794,469
601,837
5.6%
249
(136,614)
-
-
$2.97
$3.02
(1.7%)
Lifestyle/Outlet Centers
3,121,709
186,476
6.0%
(32,197)
(15,215)
-
-
$3.00
$3.02
(0.7%)
Regional/Super Regional Malls
4,687,489
1,007,860
21.5%
20,703
119,699
-
-
N/A
N/A
N/A
Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers
Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
South Sacramento Strip Centers Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Community/Neighborhood Centers Power Centers Lifestyle/Outlet Centers Regional/Super Regional Malls
Totals
about gallelli real estate
Gallelli Real Estate is a private firm that specializes in commercial real estate services and property management. We believe that as a boutique firm whose understanding of the business runs as deep as our core values, our advantage is large. We take pride in our unique approach to offer more individual solutions that address the ever changing needs of our clients and the industry. After all, our success is measured by the success of our clients and the strength and longevity of our relationships. For the latest news from Gallelli Real Estate, visit GallelliRE.com, or follow us on LinkedIn.
Gary Gallelli President 916 784 2700 gary@GallelliRE.com
Gallelli Real Estate 3005 Douglas Blvd #200 Roseville, CA 95661 P 916 784 2700
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