{"id":1004151926,"date":"2016-09-16T00:21:53","date_gmt":"2016-09-16T08:21:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151926"},"modified":"2025-02-26T23:34:41","modified_gmt":"2025-02-27T07:34:41","slug":"yardi-matrix-sacramentos-hot-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-sacramentos-hot-market\/","title":{"rendered":"Yardi Matrix: Sacramento\u2019s Hot Market"},"content":{"rendered":"
\"Sacramento<\/a>

Sacramento rent evolution, click to enlarge<\/p><\/div>\n

Spurred by an improving job market and extremely low levels of new supply,\u00a0Sacramento rents are growing at the fastest rate in the nation. Low vacancy and a\u00a0weak completion rate will keep pushing rents higher. However, the job market is\u00a0less robust than in other major California metros, signaling that renters may have\u00a0difficulty keeping up with the cost of living.<\/p>\n

The capital of California continues to rely heavily on its government job sector,\u00a0which is rebounding, while growth is also strong in construction, health care\u00a0and education. The Golden 1 Center multi-purpose arena is slated to open this\u00a0fall, and city officials hope that it will help to drive growth in the city\u2019s core,\u00a0along with the Downtown Commons mixed-use development. Opportunities\u00a0also await just north of Sacramento\u2019s central business district. The Railyards\u00a0master-planned project is one of the largest undeveloped urban sites in the U.S.<\/p>\n

Going forward, supply growth is expected to pick up, with roughly 9,000 units\u00a0in the planning and permitting stages. Until inventory expansion catches up to\u00a0demand, investors will remain active. Nearly $1.6 billion worth of multifamily assets\u00a0have traded during the last 18 months and prices have rebounded to pre-recession\u00a0levels. With occupancies high, we expect robust rent growth to continue, but\u00a0affordability issues will moderate gains to 8.8 percent for the full year.<\/p>\n

Read the full Yardi Matrix report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Multifamily Summer Report 2016: Rents are growing at the fastest rate in the nation.<\/p>\n","protected":false},"author":873,"featured_media":1004151245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21782,21808,21742,37795,36080,15],"tags":[],"class_list":["post-1004151926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-development","category-featured","category-latest","category-rc-occupancy","category-sacramento","category-west"],"acf":[],"yoast_head":"\nYardi Matrix: Sacramento\u2019s Hot Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-sacramentos-hot-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Matrix: Sacramento\u2019s Hot Market\" \/>\n<meta property=\"og:description\" content=\"Multifamily Summer Report 2016: Rents are growing at the fastest rate in the nation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-sacramentos-hot-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-16T08:21:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T07:34:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/MatrixMetros_Sacramento_083016_800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-sacramentos-hot-market\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-sacramentos-hot-market\/\",\"name\":\"Yardi Matrix: Sacramento\u2019s Hot Market - 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