Sacramento, CA (April 25, 2012) – In the first quarter of 2012, the Sacramento industrial market posted 673,501 square feet of positive net absorption, giving the market a total of nearly 1.4 million square feet of positive absorption over the past four quarters. In addition, the vacancy rate for the region’s retail market decreased to 9.94 percent - the first sub-ten percent vacancy rate in this market in ten quarters, according to a First Quarter Market Report by Voit Real Estate Services.
“These numbers are moving in the right direction, and there is room for optimism as 2012 progresses,” said Kevin Sheehan (top right photo), Managing Director of Voit’s Sacramento office. “While these are all positive indicators, stability and job growth will need to be sustained in order for the market to continue its recovery.”
For a complete copy of the company’s news release and report, please contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
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