In a recent article by ABC 10, Tom Manning, the owner of Tower Bridge Property Management, shared his insights on how the Oakland Athletics' move to Sacramento could impact the local housing market. As the A's prepare for their temporary stay at Sutter Health Park in West Sacramento, there are many questions about the potential effects on rental prices and housing demand.
Tom Manning, a seasoned real estate expert, emphasized that while there is speculation about the impact, it's too early to predict any dramatic shifts. "It's hard to get accurate information on exactly what's happening in Sacramento in such a short time," Manning said. He noted that the current changes in the market are more likely due to the usual seasonal fluctuations rather than the A's relocation.
Tower Bridge Property Management, based in Gold River, manages around 200 properties in the Greater Sacramento Region, including areas like midtown, East Sacramento, Natomas, Elk Grove, and West Sacramento. Manning mentioned that his company focuses on long-term rentals, which are properties with leases of one year or more.
While there could be a demand for short-term rentals as players, coaches, and team staff look for temporary housing, Manning doesn't anticipate significant challenges for long-term rentals.
He pointed out that the demand might increase for high-end rentals, but the overall impact on the market will likely be localized.
As the A's begin their three-year stint at Sutter Health Park, the community will be watching closely to see how the team's presence influences the housing market. Manning's cautious optimism and expertise provide valuable perspective during this period of change.
For more details, you can read the full article on ABC 10
