Sacramento Industrial Property Appreciation Exceeds 10% for 17th Quarter in a Row

Demand for industrial space in California’s capital region has been extraordinary over the past few years. Leasing activity in Sacramento has been at, or near, record highs for several years and construction has surged. New construction reached 4 million square feet in each of the past two years, and 5 million square feet is expected in 2022, setting a record for Sacramento. All of this activity has resulted in rapid increases in the value of industrial real estate.