Today, a summary. Last week’s posts were an argument for executing on the first half of the famous saying, “Buy Low, Sell High.” We’ve all heard this aplenty, but very few people…very few…manage to pull it off. Why? Because they are either afraid to buy when values are low or they can’t see when they [...]
Buying Low and Selling High requires buying low. Monday’s post was about the signs the economy provides about future commercial property values, particularly industrial properties (Opportunity Knocks, Part1). When will values begin reversing? If you want to buy at or near the bottom of the recessionary cycle (when values are lowest), it’s time to act. [...]
Why this blog exists… I write this blog for people interested in Bakersfield’s industrial real estate market, a market I’ve worked as a specialty broker since 1982, all of it right here with CB Richard Ellis. My posts, two-to-three times each week, are mostly topical to this market, with an occasional just-for-fun tossed in. [...]
Last Wednesday, I updated you on the 2Q10 performance of Bakersfield’s Industrial Building Market (Bakersfield Industrial Building Market, 2nd Quarter 2010). Today, a look at the 2Q10 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 sidewalks [...]
Time to tally up Bakersfield’s industrial building absorption for 2Q10. Overall, we’ve slowed compared with the last two quarters, but we’re about on par with 2Q09 and 2Q08. We’ve also “opened” 65% more business in 2Q10 v 2Q09 (an “opening” is an escrow that has yet to close or a lease that has been signed but not yet [...]
The Greater Bakersfield industrial real estate market includes six submarkets: - Airport Area - Rosedale Area (oilpatch) - Stockdale Area - Hwy 58 / Union Ave. - Shafter - Tejon Today, a profile of Tejon…specificially, Tejon Industrial Complex. Tejon Industrial Complex (TIC) is a 1,450 acre master-planned industrial logistics center mixed with highway commercial, [...]
