All real estate is about location. This is especially true in commercial real estate. Sacramento has that location as a whole, allowing for not only great residential growth but also great commercial opportunities. One of the greatest opportunities is located in the downtown area of the city that connects to the river front.
Whether you are an investor looking for that great buy or a business owner looking for that great location to establish your dream business Sacramento might be what you are looking for. If this is good enough for major developers that see 3-5 yrs down the road than it might be good enough for you to take advantage of.
Sacramento commercial real estate could be a very good option for investors and buyers with long term goals. Sacramento has been going thru some major growing pains over the last 5-10 yrs. Actual growing pains can be attributed to fast growth. Sacramento has gotten to that point> Sacramento is one of the leading cities facing a major turn in the real estate market from a residential stand point, but is still showing signs of growth in the commercial side of things.
Just yesterday the city of Sacramento settled with Moe Mohanna for around 18.6 Million dollars on a major piece of commercial real estate in the 700 and 800 blocks of K street, opening the door for major redevelopment. Another developer named Mark Lucas is hoping to break ground on a 100 million dollar plus project near 65th street and Hwy 50. He is also looking to get approval in December for a major project near CSUS. Sacramento while having to deal with it's current real estate market is managing to stir in the direction of continued growth allowing for good buys now with good long term up swing in the commercial real estate world.
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Just another indication that things are still shacking up. Wachovia and Indy Mac are looking to lay off more than 200 people combined. This will not only impact the local market but will add more numbers to the already high jobless numbers.
Sacramento is really taken a big hit in this market and the outlook is more of the same at least until next year.
Best of look to you folks.
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