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2022 Q1 Sacramento Industrial Market Report

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Rents rise to a record high and vacancy falls to an all-time low

Sacramento’s industrial market carried its growth trajectory from last year into the first quarter of 2022 with record high asking rents and an all-time low vacancy rate. After annual records were set in 2021 for occupancy gains, new supply, rents, sales price, and sales volume, 2022 appears likely to bring similar levels of activity and growth. Developers are working across the region to bring much needed supply to the market while tenant demand is showing few signs of letting up. However, it is possible Amazon might pump the brakes on its massive industrial investments of recent years. There is a significant amount of available speculative development underway but many new buildings are regularly leased up within a quarter after delivery. Available existing spaces on the market are being leased up quickly and large tenants continue to circle the market for big box development. Though sales activity was muted, buyer demand remains high, and pricing is setting record highs. Low vacancy rates will continue to place upward pressure on asking rents through the rest of this year and buyers will compete for a small amount of assets on the market, compressing cap rates to record lows and pushing sale prices up to record highs.  


2022 Q1 Sacramento Industrial Market Report

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Bob Shanahan

Research Manager


Bob entered commercial real estate at the start of 2015 at Colliers in Seattle/Bellevue and has more than seven years of commercial real estate research experience. A writer by nature, Bob is always trying to tell the story behind the numbers and go above and beyond to add value to his brokerage partners. Forever teachable and eternally curious, Bob strives to always be learning more while staying on the leading edge of market trends and remaining abreast of all pertinent real estate transactions and developments. Passionate about real estate and urban planning, Bob is dedicated to taking Colliers to the next level by providing market-leading thought leadership and trends analysis for his internal and external clients.. Bob is a natural-born storyteller, always digging into the statistics with unmatched nuance to craft a forward-looking narrative and outlook across the many sectors of commercial real estate he tracks.  

With extensive experience in office, industrial, multifamily, and retail research, and a developing competency in capital markets, life science, and healthcare/medical office, Bob assists brokers in the leasing and selling of property, providing best in class research support. He regulary provides market presentations for internal brokerage teams and external organizations. Bob focused primarily on the office and industrial markets in the Seattle/Puget Sound region from 2015-2017. From fall 2017 to early 2018, Bob was the office market research analyst at JLL in Sacramento with an emphasis on Downtown landlord-rep related research. 

Since May 2018, Bob has been back at Colliers in his hometown of Sacramento. Since mid-2018, Bob bas accelerated his career in the support of 40 brokers across the Capital City region. In late  2020, Bob was tasked with overseeing the Reno market while managing a new Research Analyst, and has taken on an increasing leadership role in the Northwest region, including leading the regional multifamily market report comprised of 10 markets from Northern California and Northern Nevada to Oregon and Washington. Bob has invested in his leadership development, recently completing the two year Management Development Program at Colliers in partnership with Harvard Business School and completing the year long Leadership Sacramento Class of 2021 through the Sacramento Metro Chamber Foundation.  

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