Thursday, December 20, 2007

Downtown Sacramento Commercial Real Estate Photolog

Mish and others requested more CRE photos, so who am I to deny them? The following is a random sampling of the glut in commercial real estate in downtown Sacramento. It is by no means comprehensive, but I think it does represent the glut fairly well.

For those of you not familiar with Sacramento, it is the seat of the California State government and home to dozens of state agencies and thousands of state employees. Unfortunately, most of these agencies have become concentrated in a few, newly-built, large high-rise buildings. This, together with the mismanagement of parking policy by the city, and an inept redevelopment committee, has left downtown with a glut of mid-sized office and retail space.

Despite all of these problems, developers continue to build into the glut.

Note: Zoom in and click on the icons to be taken directly to the photo.


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800 J St Lofts



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Luxury Lofts 900 K Street


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801 K Street


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Vacant Lot on K Street


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Vacant Storefronts on K Street



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980 9th St


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9th and J


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21st and P


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2020 L St


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920 20th St


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1815 I St


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1801 I St


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17th and I


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1600 H St



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1330 H St



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14th and H


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1314 H St


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13th and H


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1234 H St


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1231 I St


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11th and H



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11th and J NW


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11th and J NE


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J between 11th and 12th


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K between 11th and 12th


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11 comments :

Anonymous said...

Didn't J between 11'th and 12'th used to be the Sacramento Symphony Hall?

Michael Shedlock said...

For Christ's sake how the H does anyone get a hold of you?

Drop me an email. We need to talk.

BTW - Thanks for the images. They are great.

Mish

Professor Shays said...

A great job. I should do the same thing up here in the Roseville - HWY 65 area. So many see-through buildings. Noticed the parking lot today where Shea Homes and Old Republic Title Company share a building looked empty at 11:00a.m. Interesting times these are.

Take care,

Daniel

Anonymous said...

Check out Richards Blvd a bunch of empties over there and just take a left on to 12th st leading into downtown. Check out 12th and F who in their right mind would put a retail store there, to serve all the homeless shopping cart pushers.

Max said...

Check out Richards Blvd a bunch of empties over there...

I would, but I took these pictures while on foot. Don't want to lose my wallet. :)

Gwynster said...

great photo essay on downtown.
The new building has really had a big effect on the area. I remember the big debate over the R street project and wrench Cyrstal Ice was troughing into the works. Are they gone finally?

The area over at Richards is light industrial and they are having a hard time keeping those places filled.

If I get the chance on Sat., I can hit some other downtown vacancies. The one that comes to mind is the fireplace store on 16th and Q that folded. I think it's still empty.

Sippn said...

I think the fireplace store sold out and moved 2 years ago to Bradshaw, where it failed.

The 16 x Q property is probably being redeveloped.

Don't really see these downtown pictures as particularly alarming. Always something in transition.

Now Roseville is another story of too much office space - definately. But last week all the restuarant parking lots were stuffed for blocks. Try looking at title company parking lots next week, when they sign end of the year sales and closings.

Patient Renter said...

I was down on K street on Christmas eve and there was an incredible number of stores fronts and buildings empty. Basically what you are seeing.

Rich said...

The problem isn't just downtown. Natomas is chuck full of brand new empty retail with even more being built. I fear they will remain vacant for quite some time.

SafeCycle.net said...

Has anyone brought this up tp the attention of the regional redevelopment agency?

Anonymous said...

I live out-of-state, but am in a partnership that owns a Class B 30,000 sq. ft. single tennant office bldg near the Capital. Can anyone direct me to a website where I might get info on valuing the property for buyout purposes? Thank you.