On Tuesday, I updated you on the 2Q11 performance of Bakersfield’s Industrial Building Market (Bakersfield Industrial Building Market, 2nd Quarter 2011). Today, a look at the 2Q11 Industrial Land market. First, a review of the distinction between “Finished Lots” and “Raw Land.” A Finished Lot is land that has been parcelized into ready-to-build-on lots, with streets, curbs, gutters, and [...]
On Tuesday, I summarized the Bakersfield industrial building market over the last three years (Bakersfield Industrial Building Market…2010). Today, I summarize our industrial finished land market. First, this distinction between “Finished Land” and “Raw Land”: Finished Land is land that has been parcelized into useable lots, with streets, curbs, gutters, and sometimes sidewalks in place, and with [...]
The increased demand that began in 4Q09 played out nicely in terms of absorbed industrial buildings in 2010, and total absorption was up some 78% over 2009, to the highest level since 2007. Some negatives still trail us, however. Values are significantly off peak; demand is unevenly distributed, both in terms of scale and geography; [...]
The CBRE National Industrial “Sentiment Index” for 4Q10 is out. This report reflects the current observations and sentiments from 842 CBRE Industrial brokerage professionals across the United States – my peers, the Wayne’s and Oscar’s and Coby’s from around the country. I pay attention to them, because quite often, our little old Bakersfield market follows the direction [...]
Last Tuesday, I updated you on the 3Q10 performance of Bakersfield’s Industrial Building Market (Bakersfield Industrial Building Market, 3rd Quarter 2010) Today, a look at the 3Q10 Industrial Land Market. First, a distinction between “Finished Lots” and “Raw Land.” A Finished Lot is land that has been parcelized into ready-to-build-on lots, with streets, curbs, gutters, and sometimes [...]
Bakersfield’s industrial building market is in recovery. While we’ve “opened” 400% more business through 3Q10 v 3Q09, we haven’t yet seen this gain show up in our “closings.” This is because deals are taking longer to close. Still, closings have increased 57% through 3Q10. Here’s a profile of our activity through 3Q10: Total Building Market [...]
