I happened to be in Sacramento on Friday visiting a client and Saturday visiting family. Here are some random thoughts (and I do mean random) on Sacramento and the Sacramento Commercial Real Estate Market.
Sacramento is huge! I went from Esparto (which is out by Woodland/Davis) to Loomis (which is out by Granite Bay) and it seemed like I was driving forever.
It seems like there's a lot of retail and office space for lease (not very scientific survey, just driving around) in the area. I didn't get a chance to go downtown, so I can't comment on how that area is doing.
It also appears that retail development has slowed down, i..e, there wasn't a lot of work being done on many of the retail developments that had been started. (Again, just driving around.)
The afternoon commute traffic on Hwy 80 North on Friday is almost as bad as some of the afternoon commutes in Silicon Valley. People told me that it's all those people from the Valley going to Reno.
Since I happened to be in Esparto, I drove out to the Cache (or should it be Cash) Creek Casino in Capay. They actually did a very nice job on the design of the casino and it blends in very well with the surrounding hills. You can't even see the golf course from the road. The roads to the casino are very well taken care of, but I wouldn't want to be driving them late at night (Shades of Blood Alley in Morgan Hill).
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