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Cuts Business Vacancy Rate in Half over the Past Year, Signs Significant New Leases
(PLACERVILLE, CA) – El Dorado Hills led all Sacramento and Sacramento submarkets this year in the decline in business office vacancies, according to recent information from CoStar Realty Information Inc., cutting them in half from 26% to 13%.
"This is encouraging news as the County continues to focus on economic development efforts to expand existing companies' opportunities, attract new business to the area, and support local Chambers of Commerce in their efforts to help create a more sustainable economy in El Dorado County," said Tiffany Schmid, Director of Planning and Building.
Additional growth in the market includes the recent approval of a Conditional Use Permit for a new full-service veterinary hospital that will be located in El Dorado Hills.
"This is particularly noteworthy because it is the first project to go through the entire process, from concept to approval, with our dedicated Economic Development project team," said Schmid. "This team, including staff from Economic Development, Planning and Building and the Chief Administrator's Office, was hands-on in helping K & K Pet Care navigate El Dorado County's General Plan policies and Zoning Ordinance requirements while simultaneously advising them of Building Permit requirements, all efforts which led them to choose El Dorado County as the place to do business."
Another indication of El Dorado County's popularity among existing businesses looking to expand in the County are two leases that were recently signed by Colliers International. One is for a 4,200 square foot facility at 1165 Investment Blvd for a new construction company and the other is a 6,204 square foot building in Shingle Springs for an auto restoration company to expand their current footprint.
"Businesses have to weigh several issues when considering their options about where to locate," said Schmid. "We're proud of our region and excited to provide this elevated level of customer service through our Economic Development efforts. The beauty of the County speaks for itself; it's the dedicated, comprehensive approach by our team that ultimately tips the scale in El Dorado County's favor."
For more information about the County's Economic Development efforts to retain and attract businesses, please visit https://elevatetoeldorado.com