Today, the end-of-third-quarter report on Bakersfield’s industrial finished land market. A 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 utility stubs to the parcel line. Utility stubs mean stubs for the wet utilities (water, sewer), [...]
Since launching this blog in mid-August, people have told me they would value information about our local industrial real estate market. Because I work to take care of our customers, I’ll offer quarterly updates that compare the basics of our local market with the same quarters of the previous two years. Today’s report is about Bakersfield’s Industrial [...]
Yesterday, I reported on the local industrial market for building space. Today’s topic is Bakersfield’s Industrial Land Market. More specifically, finished land. First, a 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 utility stubs [...]
If you own the real estate your business operates from, it is likely the most valuable asset you own. And when it comes time to sell it or lease it, as at some point it will, you should approach its disposition as you would any other transaction. All too often, however, sellers make emotional or [...]
