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, [...]
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 Shafter. Shafter is actually an incorporated city of about 16,000 people lying northwest of Bakersfield. From Bakersfield’s City Hall to Shafter’s [...]
The Ports of Los Angeles and Long Beach matter to Bakersfield. Come again? Healthy LA ports are good for Bakersfield industrial real estate, and healthy industrial real estate is good for jobs. Why? As trade volumes increase, demand for warehousing increases. And the demand for warehouse space radiates out from the ports. This radius has [...]
In the wake of the devastating gulf oil spill, I’m beginning to hear that not only will the development of new off-shore wells decline, but many existing off-shore wells will be voluntarily closed-in as well. This will put more limitations on supply and more upward pressure on pricing…all of which bodes well for the Bakersfield [...]
It’s looking more and more like the great bargains expected in commercial real estate are not happening en masse after all. Many “opportunity funds” assembled pools of capital with the intent of buying distressed commercial properties taken back by lenders, and they looked to the collapse of the savings and loan industry in the early ’90s [...]
Industrial real estate is leading the other forms of commercial real estate (office, retail, multi-family) through the recovery. How’s Bakersfield’s industrial market compare with the others in California? Well, according to vacancy rates, we’re a little higher than the average of these cities (9.1%): Sacramento 12.6% Oakland 10.7% San Jose 8.5% Stockton 13.4% Fresno 9.7% [...]
