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Record Supply in Sacramento Population increases coupled with a healthy economy sustained demand in Sacramento. Despite the record-high deliveries of 2023 and increased new construction, rents declined just 0.2 percent on a T3 basis through January to $1,905, while occupancy decreased just 30 bps to 94.5 percent.
Population increases coupled with a healthy economy sustained demand in Sacramento. Despite the record-high deliveries of 2023 and increased new construction, rents declined just 0.2 percent on a T3 basis through January to $1,905, while occupancy decreased just 30 bps to 94.5 percent.
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