Bakersfield, CA, California Commercial Real Estate 0 Listings

Bakersfield, CA, California: A Premier Destination for Commercial Real Estate

Introduction

Bakersfield, CA, California, is an emerging powerhouse in the commercial real estate (CRE) market. As the ninth-largest city in California, Bakersfield boasts a diverse economy with strong industry clusters in agriculture, energy, and logistics. Its strategic location, robust transportation infrastructure, and business-friendly environment make it an attractive destination for CRE investors and professionals.

Economic and Industry Overview

Bakersfield's economy is anchored by several major industries:

Energy and Agriculture: Known as the "Oil Capital of California," Bakersfield is a hub for energy production, particularly oil and gas. The city's fertile land also supports a thriving agriculture sector, producing crops such as almonds, citrus, and grapes.
Logistics and Manufacturing: The city's central location in California makes it a key logistics center, with numerous distribution facilities and warehouses.
Healthcare and Education: A growing healthcare industry, supported by institutions like Adventist Health Bakersfield, contributes to the demand for medical office spaces.

The Kern Economic Development Corporation promotes regional economic initiatives, driving demand for varied commercial property types, including office, industrial, and retail spaces.

Strategic Location and Transportation Infrastructure

Bakersfield offers significant logistical advantages:

Highways: Major highways, including I-5 and SR-99, provide critical north-south routes, facilitating efficient transportation.
Airports: Meadows Field Airport offers both cargo and passenger services, further enhancing connectivity.
Rail Networks: Rail lines operated by Union Pacific and BNSF Railway support the city's logistics and distribution sectors.

Visit the California Department of Transportation for more on transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Bakersfield's CRE market comprises several key submarkets:

Central Business District (CBD): Hosts a mix of office and retail properties.
Industrial Corridors: Areas like Rosedale Highway cater to the booming logistics and manufacturing sectors.
Innovation Districts: Emerging zones focusing on tech and research-related developments.

The city provides zoning incentives and overlays to attract developers, including zoning maps and parcel viewers.

Major Employers and Institutions

Bakersfield is home to several influential employers and institutions:

Top Employers: Companies like Aera Energy, Grimmway Farms, and Amazon have a significant presence.
Educational Institutions: California State University, Bakersfield, and Bakersfield College contribute to the skilled labor pool.

For more information, visit the City of Bakersfield's Business Directory.

Notable Commercial Developments & Projects

Bakersfield is witnessing several large-scale projects:

Mixed-Use Developments: Projects like the Mill Creek area offer a blend of residential, retail, and office spaces.
Opportunity Zones: Designated areas provide tax incentives to spur economic growth.

Explore more on the Bakersfield Planning Department's site.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are essential:

Market Data & Economic Reports

Access comprehensive data sets and reports:

U.S. Census Bureau
Bakersfield's Open Data Portal

Brevitas leverages AI-powered aggregation from public data and internal insights to provide detailed market dashboards. Explore our Brevitas-powered dashboards for Bakersfield.

Why Use Brevitas for Bakersfield, CA, California CRE?

Brevitas offers a cutting-edge platform for CRE professionals:

AI-Driven CRE Discovery: Find the right properties with ease.
Real-Time Market Alerts: Stay updated with the latest market trends.
Smart Property Pages: Access detailed property insights.
Dealroom Collaboration: Collaborate effectively with partners.

Unique features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Gain exclusive listings and premium exposure with Brevitas.