Explosive Growth in the California Capitol
Primed for Real Estate Investment
After years of tracking the Sacramento real estate market, never in my career have I seen a better time than now to invest in the Sacramento market across a variety of assets including multi-family, industrial, ground up development, retail and single family. Work From Anywhere Migration Winner – Consistent population growth in Sacramento over the last decade and clear winner in California for the work from anywhere phenomenon
Stable Employment Base – Stable employment base with Health Care being the largest industry, followed closely by Public Administration. Sacramento is the Capitol of California and has a built-in employment base.
Economy – Sacramento unemployment rate is 4.7% and has roared back to life following the pandemic, less than 1 percent above pre-covid levels.
Population – Although California has had net loss migration, Sacramento has grown on average 1.3% per year over the last decade
Tight Rental Market – Lowest vacancy rate in California at 2%. Highest rent growth market in top 10 major California markets.
Growing Technology Presence – Sacramento is becoming a hub for innovation and new technology companies. In 2021, Sacramento pulled in $1.6B in venture capital and private equity funding for local companies, more than the last four years combined.
Transportation Transformation - Sacramento International Airport has over the years continued to attract new airlines and improve their infrastructure including the $1B terminal addition completed in 2011.
Investments in Public Transportation – There has been continued investment in and modernization of the Light Rail system that serves the downtown core and connects to Folsom.
Founded in 2021, Tempo Capital is a fully integrated Sacramento based commercial real estate investment firm who strives to make a positive impact in the communities we invest in. Our entrepreneurial culture and dedication to success is our competitive advantage.