During last decade’s housing boom, the Sacramento region went on a construction spree of office buildings to accommodate the financial, insurance and real estate businesses that served the housing sector.
Designers work at the Wallrich Creative Communications office on Wednesday in Sacramento. Wallrich moved into the renovated midtown building in order to accommodate a growing workforce. The uptick in the office market is likely a sign of a slowly strengthening economy.
Wallrich Creative Communications moved into a restored mid-century building, above, in midtown Sacramento after selling its 5,000-square-foot midtown building for $220 a square foot. The new lease was at an advantageous rate, says Tom Walcott, senior vice president at Colliers International in Sacramento.