Limited Development Pipeline, Affordable Rents May Help Buttress Sacramento’s Apartment Market

Sacramento’s apartment market experienced an extraordinary year in 2020. Few would have predicted the near-record demand, given the ongoing coronavirus pandemic and its resulting economic dislocation. But that is what has happened. Net absorption, the difference between move-ins and move-outs, bettered that of most recent quarters in the year’s first six months, before accelerating even further in the second half of the year.