THe city plans to partner with a non-profit organization focused on economic development to invest $1 million in funding for local companies. The program provides grants and investments for startups in the accelerator/incubation period, as well as to companies who can assist them, and educational programs to benefit entrepreneurs. In June of 2019, Sacramento unanimously approved appropriating $10 million to the Innovation & Growth Fund, aiming to attract startups and provide them with the knowledge and resources to grow. 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.
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