Sacramento, CA

Sacramento is the fastest-growing major city in California. All of the 58,000 people who moved here in the last 10 years need somewhere to live, work, and spend their free time.

The construction industry has done a decent job of providing the first of these – residential construction routinely makes up most of the market – but in the coming years it will pivot to the other two. The first large investment is expected to come in the form of infrastructure. This sector is set to grow by almost 30% by 2024, driven by reinvestment in roads and bridges across the city. Other sectors remain below their pre-pandemic peaks, and it will take a while for them to recover. To meet this rising demand, Sacramento has pulled construction workers from nearby markets.

Sacramento is trying to be proactive in its approach to development, and officials are trying hard to rein in development on the periphery before all usable land is built upon. These efforts have had mixed results and the area remains mostly suburban. City agencies have invested in green energy and mixed-use developments. Many hope to offer prospective residents something they cannot get in the Bay Area or Los Angeles: affordable housing and short commutes.

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* Other structures include religious buildings, amusement, government communications, and public recreation projects.
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