![]() Approximately 68,700 square feet were added in the first half of 2019, and additional 149,100 is expected by year end.ġ9.8% of Sacramento’s jobs are using office spaces, the lowest number seen in a decade, and just below the current national average of 21.5%. Education, health, leisure, and hospitality sectors have reported the highest growth over the previous year, up 5.4%.ĭemand for high-quality properties has risen over the last five years, and has led to an increase in construction in the area. Though Sacramento has shown the most growth in the suburban sector, the city also shows steady gains in the office market. ![]() The downtown and midtown areas are most in demand, and have shown a rise in rental rates.Ī Zillow study recently found that from 2018 to 2019, Sacramento ranked second in the country for cities searched by outsiders looking to relocate.Īverage asking rent: $23.65 per square foot ![]() Sacramento is the fastest-growing market in the country for apartment rentals, according to the Yardi Matrix Analysis Q2 2019. The 32 mile trail is fully-paved with two lanes and amenities such as restrooms and water fountains.Īccording to, the average apartment size in Sacramento, CA is 823 square feet the average rent is $1,404. Sacramento is home to the American River Bike Trail. It is rumored that the theater is haunted. The Eagle Theater was the first permanent theater ever built in California, and still stands today. The Old Sacramento Historic Park, a business district from the 1850’s, was made a National Historic Landmark in 1965. The population of Sacramento, CA is just over 508,000, making it the 35th largest city in the country. Renting is predicted to remain the more economical option for at least the next three to five years, with the gap between expanding as a result of Sacramento home prices increasing faster than rental rates. With monthly mortgage payments consuming approximately 33% of the median family’s income, while a 3-bedroom rental takes only about 26%. Home sales in Sacramento have increased in the last several years due to the area’s relatively affordable prices.Ĭalifornia’s large cities are notoriously expensive, with the median home price in Los Angeles at nearly $1 million, and San Francisco’s at $1.4 million the median price of $389,000 makes Sacramento one of the more affordable markets in the state.Īccording to a report from Sacramento’s Business Journal, it is cheaper to rent than own in Sacramento, Old Sacramento Waterfront, in the historic gold rush area, is a popular destination with dining, entertainment, shopping, nightlife, and residence. Sacramento is the capital of California, the oldest incorporated city in California (1849), and the fastest growing city in California.ĭominating industries include the health care industry, financial sector, and thriving university presence. Property owners across California and the West Coast trust Utopia Management to take the stress out of maintaining a profitable rental property. All tasks are handled worry-free, including maintenance and emergency requests, rent collection, marketing and screening, and in-depth reporting from our accounting department. ![]() Whether for an individual owner or a large investment firm, Utopia’s wealth of experience and use of the latest technology makes our rental management services efficient and affordable. As one of the largest property management companies in California, we are accustomed to portfolios of all sizes, from one unit to hundreds. Our licensed, local property managers are experts in the Sacramento rental market. We have over 25 years of experience in leasing, marketing, and managing all aspects of a wide range of rental investments. Utopia Management offers a full suite of property management services. ![]()
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