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Originally Posted by j_deguzman10
Thanks for responding snfenoc! You are right, while we are seeing growth in the office market, it appears that most of the tech startups and other companies in Sac either want to be in re-use buildings (The Cannery) or in Natomas and other suburbs (2020 Gateway and Centene). It is possible that it could be because of the rising rents and lack of land downtown that major companies like Centene can’t build a large campus or startups like SupportPay cannot afford a large office space in a skyscraper.
Let’s just hope the market can sustain itself for a few more years or else it’ll be another round of disappointment for the city of Sacramento.
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Another thing to consider is that, with automation, companies may not have the need to house lots people in tall skyscrapers. There may be a preference for smaller spaces. In some cases "built-to-suit" may work as well. I imagine that these buildings may do better in office parks and in the suburbs.