07/23/2025
🌅 ACRE Broker Mid-Year Breakfast Recap! 🥐☕
A huge THANK YOU to our incredible panelists who shared powerful insights into what’s happening across the commercial real estate sectors. 🔑📊
🎤 Also, thank you to Bryan McKrell for you efforts as the MC!
📦 Industrial – Todd Sandilippo, CBRE
The industrial sector is showing promise! 💪 Demand is strongest in the 25K–50K SF range. Tenant improvement costs remain low ✅, but new development is moving slowly. 🏗️
🏢 Office – Nellie Cruz, CBRE
Optimism is in the air! ✨ Return-to-office mandates are driving longer lease terms. 📈 Subleases are down 27%, though tenant improvement costs are rising due to tariffs and labor. No new office development at the moment. 🚫
🛍️ Retail – Ryan Orn, Capital Rivers Commercial
Retail is resilient! 💥 With bankruptcies (like 1,200 Rite Aids) bringing more inventory, there’s opportunity ahead. National retailers want into Sacramento 🔥, and 🚗 car washes are on the rise especially outside shopping centers!
🏘️ Multifamily – Tony Delony, Marcus & Millichap
More inventory than ever, but challenges lie ahead. 🌊 A wave of debt is maturing, and operational costs are climbing 📈 due to inflation, tariffs, and labor. Buyers love walkability + parking. CA is seeing capital return from out-of-state. 💸
💼 Investments – Brad Idleman, Colliers
Sales activity has cooled with tariffs impacting momentum. ❄️ Sacramento transactions down 40%, and office down 45%. BUT… there’s a lot of capital waiting to deploy 💰. Industrial remains the most stable investment sector. 📊🏭
Thanks again to our expert panel for a dynamic discussion and valuable takeaways! 🙌
