California’s commercial real estate market starting to stir (Sacramento Bee)

January 2, 2013 – Sacramento’s long-depressed housing market started ticking up early last year. Now the commercial real estate market, which has suffered from plunging rents and soaring vacancies, is stirring as well. As with housing, players in the nascent revival range from large institutional investors attracted by low purchase prices to the business equivalent of first-time homebuyers – startup shopkeepers drawn by affordable rents. The weak commercial real estate market has created bargains for tenants as well as buyers. In recent months, some businesses have taken advantage of lowered costs and high vacancy rates to open shop or expand, including in former industrial spaces where rents are rock bottom.

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