On Tuesday, I updated you on the 3Q11 performance of Bakersfield’s Industrial Building Market. Today, a look at the 3Q11 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 in place, and with utility [...]
On Tuesday, I updated you on the 1Q11 performance of Bakersfield’s Industrial Building market (Bakersfield Industrial Building Market, 1st Quarter 2011). Today, a look at the 1Q11 Industrial Land market. Remember first 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 [...]
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), [...]
I’ve been selling industrial land for 27 years, and if their is one situation that continues to confound me, it is the “assertion” buyers sometimes make about buying Site A (a “raw” site) instead of Site B (a “finished” site) because “it’s cheaper.” What’s the difference? That is the subject of this post. Raw [...]
