[Updated Oct 2020] A guide to executive suites and office space for rent in Sacramento as well as general information that may be useful if you are thinking of renting offices in the city.
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History & Geography
While Sacramento is certainly not one of California’s largest city’s, as the state’s capital it is one of the most important. Located in the northern segment of California’s massive central valley, at the confluence of the Sacramento and American Rivers, the city covers an area of approximately 100 square miles and is connected to the Port of San Francisco by the Sacramento River Delta. Previously inhabited by the Miwok Indians, the Sacramento Valley was discovered by Spanish explorer Gabriel Moraga, who named it after the Catholic sacrament of the Eucharist. The area was settled by Swiss pioneer John Sutter in 1840 but only became famous and populated when gold was discovered in the area. The town profited from its location as just downstream from a massive vein of gold in the Sierra Nevada mountain range called the Mother Lode. By 1850 the city had a population of 10,000. In 1854 the California State Legislature moved to the city, but it was not made the permanent official capital of California until 1879. Sacramento was strategically placed to prosper in the new state and country and was the western end of the famous Pony Express. Due to its proximity to the American and Sacramento Rivers, the city controlled the commerce on these waterways and funded many public works through taxes levied on goods being unloaded onto rail cars from the rivers. Despite suffering periodically from debilitating floods the town continued to grow in the 20th century, especially during the 1970s, 80s and 90s. A large influx of immigrants from Asia and Latin America make Sacramento one of the most diverse cities in America.
Economy
The state of California is the top employer in the city, employing 73,273 people. Currently, the city is striving to make sure that state agencies don’t move outside the city limits. Additionally, many federal agencies have offices in the city. The world-famous UC Davis Health Centre is also a major employer and maintains staff and researchers in many diverse areas of health. Technology company Intel and health insurer Kaiser Permanente are also major employers. The city also boasts a fully-operating port, having opened the Port of Sacramento in 1963, with ships accessing it through the Bay of San Francisco and the Sacramento deep water channel. However, of late the port has been severely affected by competition from the Port of Stockton, with its deeper channel and larger facilities.
Climate & Tourism
Sacramento has a Mediterranean climate, characterized by wet winters and hot, dry summers. The wet season is from October through to April and the average annual temperature is approximately 16 degrees Celsius. The city can become uncomfortably hot in the summers, and many residents go boating or swimming on the two rivers in the vicinity of the city, the American and the Sacramento. The city is not one of California’s tourist magnets, losing out to nearby San Francisco and Los Angeles and San Diego in the south of the state. However, for the tourists that do come to Sacramento, there is a fair amount to see and do. The history of the city is well preserved and one can visit the old Pony Express terminus, the B.F Hastings Building, as well as Sutters Fort, the first non-Native American community in the Central Valley. Sacramento also benefits from a range of parks, the most popular being Discovery Park, situated where the Sacramento River flows into the American River. The city also has a range of museums, the most famous of which is the Crocker Art Museum, the oldest art museum west of the Mississippi River, and generally considered to be one of the finest in the country. The Governors Mansion State Historic Park and the California Museum for History, Women and the Arts are also popular with visitors.
Transport
Like in most major American cities the car is the favored form of transportation for residents of Sacramento. Several highways and freeways serve the region, including Interstate 80 and Highway 50. The city has instituted traffic calming measures in many areas through its streets still have fairly heavy traffic. However, cycling is becoming increasingly popular among residents due to the city’s flat terrain and mild weather. Sacramento has been deemed a Silver Level Bicycle Friendly Community by the League of American Bicyclists. The city is also served by the Sacramento Regional Transit District, a bus and light rail system, which is the ninth busiest in the US. Sacramento is also connected to the rest of the country through its Amtrak station, which operates the Capital Corridor, a high-frequency service to San Francisco. Sacramento International Airport handles flights to various US destinations as well as Canada and Mexico.
Office space to rent in Sacramento
The Sacramento economy was hit fairly hard by the financial crisis and is only now beginning to pick up again. Even as recently as 2010 many major businesses in the city were contracting or failing outright. Many major firms have had to vacate office space which means that for now in California’s capital city all the power rests with the renter. According to CB Richard Ellis (CBRE) only 161,516 square feet of speculative office space is under construction, however, build-to-suit construction is higher. The average monthly leasing rate in 2010 was USD 1.81 per square foot. Downtown rates were at around USD 2.38 per square foot. Also according to CBRE landlords are significantly lowering rates for unsolicited proposals.
We carry out a free office space search and our advisory and acquisition services are also free, always. Our Sacramento office space brokers and agents are globally regulated by the Royal Institution of Chartered Surveyors (RICS) ensuring the highest standards of commercial property advice and service at all times. We look forward to helping you find the best office space for rent for your business.
The Office Providers are Regulated by the Royal Institution of Chartered Surveyors (RICS)