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2020 Q1 Sacramento Retail Market Report

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n the midst of the COVID-19 pandemic, retailers and restaurants across the country have been shuttered or gone to take out only since mid-March 2020. The first wave of closures and layoffs were in the retail, restaurant, hospitality, and service sectors, which has rocked the retail market especially hard. According to Coresight, some 630,000 outlets in the U.S. have been forced to close due to COVID-19. Retailers were already planning to close about 2,600 stores across the country as of February 2020, just before the shutdowns commenced. In addition to closures and layoffs, some 30 national retailers are on the brink of filing for bankruptcy protection. Prior to the pandemic, many retailers and restaurants were already struggling with thinning profit margins and shifting consumer preferences.

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2020 Q1 Sacramento Retail Market Report

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Related Experts

Mark Engemann

Senior Vice President

Sacramento

I have been with Colliers International since January 1995 as Vice President specializing in retail properties.

As a Retail Commercial Real Estate Broker, my goal has been to focus on individual projects and to provide a full service brokerage experience for each transaction. By utilizing my experience, contacts and willingness to spend the time required for each project I am involved with, my goal is to provide the best opportunity for a successful conclusion to each Landlord / Seller or Tenant / Buyer project that I undertake. Quality of transaction rather than Quantity of transactions is my focus.

Tenant Representation:  Strong emphasis in both retailers and restaurants in the Sacramento and surrounding trade area.

Landlord Representation: Retail centers in Sacramento and the surrounding areas.

Investments: Participated in several recent restaurant, retail sale transactions in addition to representing owner-user retail clients in purchasing buildings for their retail expansion.

Prior to joining Colliers International, I was with Parker Stevenson Brokerage Company as Partner and Sales Manager specializing in the Landlord representation of retail centers and in retail tenant representation.

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David Herrera

Executive Vice President

Sacramento - Downtown

I have dedicated my career to working all things real estate in the Sacramento  Downtown/Midtown markets. My primary focus has been working in office product with tenants and landlords with a focus to understand client’s needs, identify and consider all possible options, and securing results that exceed expectations. As an advisor and an ally, I provide my clients with consultative services on site selection, financial analysis, lease and contract negotiations, as well as renewal and expansion assistance. I aim to be a resource for all Colliers Sacramento brokers looking to purchase, sell, or lease space in the grid.

Having negotiated millions of dollars in purchase and lease contracts, the utilization of innovative practices and knowledge of the intricacies of contract negotiation has earned me recognition as one of the prominent Downtown and Midtown commercial real estate agents.

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Trevor Jackson

Associate

Sacramento

Here at Colliers International I dedicate my time to learning Sacramento's Downtown & Midtown commercial real estate markets. I primarily focus in Office and Retail product with both Landlord and Tenant representation. Real Estate is important, but I'm in the business of making relationships. I'm here to listen and better understand the core of our client's needs so my team and I can proactively deliver business solutions in a rapidly changing Sacramento market. 

Please reach out to discuss how our team can help facilitate the growth of your business or to simply discuss commercial real estate trends and opportunities here in Sacramento!

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