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2019 Q2 Sacramento Retail Report

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Sacramento’s retail market experienced a slight uptick in the vacancy rate in the second quarter of 2019 as some big box store closures begin to put upward pressure on vacancy. Nevertheless, net absorption is still positive so far this year. The market also posted an 11-year low vacancy rate last quarter and is still down year-over-year. With stable market fundamentals and a growing population, three new shopping centers broke ground this quarter in three separate suburban submarkets (South Sac, Elk Grove, and El Dorado Hills) while new concepts continue to open in new mixed-use projects in an expanding urban core.

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2019 Q2 Sacramento Retail Report

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Bob Shanahan

Research Manager

Sacramento

I entered commercial real estate at the start of 2015 at Colliers in Seattle/Bellevue and have accumulated more than six scintillating years of commercial real estate research experience. A writer by nature, I am always trying to tell the story behind the numbers and go above and beyond to add value to our team of brokers. Forever teachable and eternally curious, I strive to always be learning more and staying on the leading edge of market trends and remaining abreast of all pertinent real estate transactions and developments. Passionate about real estate and cities, I remain dedicated to taking Colliers to the next level by providing market-leading thought leadership and trends analysis for my team of internal and external clients.. I am a journalist by trade and a natural-born storyteller, always digging into the statistics in order to craft a forward-looking narrative, providing valuable insights to the brokers I support.

I have ample experience in office, industrial, multifamily, and retail research, assisting brokers in the leasing and selling of property. I focused primarily on the office and industrial markets in the Seattle/Puget Sound region from 2015-2017. From the fall of 2017 to early 2018, I was the office market research analyst at JLL in Sacramento, spending most of my time on Downtown office landlord rep-related work. Since May 2018, I have been back at Colliers in my hometown of Sacramento. At Colliers | Sacramento,  from mid-2018 to today,I have accelerated my career in the support of 40 brokers across the Capital City region. In late  2020, I was tasked with overseeing the Reno market while managing a new research associate. Over the last few years, I have extensive experience across many sectors of commercial real estate, including office, industrial, multifamily, retail, capital markets, healthcare, and life science. 

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