City Corner
Sierra College Blvd./I-80 Interchange ProjectsThe City continues processing of several major proposed commercial shopping centers planned for the vacant land adjacent to the Sierra College Blvd./I-80 Interchange. Projects include:
- Rocklin Crossings
- Rocklin Commons
- Lowes
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"Green" development and using green building practices continues to get a great deal of attention in the Press, building association and development forums and in the building and development community. Look for information in the next e-Biz Newsletter about a unified residential solar program from Rocklin, Roseville, and Lincoln.
Per Capita Sales Tax Figures Comparison
Sales taxes are an important component of city revenues. In California, sales taxes are generally the No. 1 or No. 2 largest revenue source for California cities. In Rocklin, sales taxes represent the 2nd largest revenue source and about 25% of general fund revenues. The following is a comparison chart showing per capita sales tax revenues for Rocklin and area communities. Rocklin, at $153 per capita, has just recently reached a level slightly above the California state per capita average at $151, but we still lag behind nearby communities, such as Roseville at $405 per capita, West Sacramento at $300 per capita and Folsom at $261 per capita.
Quarterly Economic Indicators
 |
| Employment |
| Unemployment Rate | |||
| Current Rate | Year Ago | ||
| Rocklin | 3.8% | 3.0% | |
| Placer County | 5.6% | 4.5% | |
| California | 6.2% | 5.2% | |
| United States | 5.0% | 4.5% | |
| Source: California Employment Dev. Dept., 6.08 | |||
| Median Home Price | |||
| May 2008 | May 2007 | % Change | |
| Rocklin | $325,000 | $455,000 | -28.0% |
| Placer County | $338,000 | $428,000 | -21.0% |
| California | $384,840 | $594,530 | -35.0% |
| Source: California Association of Realtors, 5.08 | |||
| Development Activity | ||
| 2008 Year-to-Date (*) |
2007 | |
| Commercial Permits | 21 | 140 |
| Commercial Valuation | $22M | $80M |
| Total Non-residential Space Sq. Ft. (in thousands) | 155,797 | 638,073 |
| Office/Flex | 81,431 | 452,127 |
| Retail Commercial | 46,220 | 89,550 |
| Warehouse/Industrial | 0 | 11,164 |
| Public/Institutional | 28,146 | 85,232 |
| City Of Rocklin, 2008 Note: (*) as of June 2008, 6 months. Numbers do not include other buildings. | ||
| Vacancy Rates | ||
| Roseville/Rocklin Market | Sacramento Region | |
| Office | 27.3% | 15.2% |
| Retail | 8.6% | 7.5% |
| Industrial | 10.7% | 8.2% |
| Source: CBRE, 2008, Q2 | ||