Half Moon Bay, California Commercial Real Estate 0 Listings

Half Moon Bay, California: A Premier Destination for Commercial Real Estate

Introduction

Half Moon Bay, California offers a unique commercial real estate (CRE) landscape characterized by its strategic coastal location, vibrant local economy, and burgeoning industry clusters. Situated in San Mateo County, this picturesque city is not only known for its natural beauty but also for its growing potential in sectors such as agriculture, tourism, and light manufacturing. With its proximity to the bustling Bay Area, Half Moon Bay stands as an attractive option for commercial real estate investments.

Economic and Industry Overview

Half Moon Bay's economy is largely driven by agriculture, tourism, and related industries. The city is renowned for its floriculture and organic farms, which create a steady demand for industrial and retail spaces. The tourism sector, buoyed by the city's scenic coastlines and annual events like the Half Moon Bay Art & Pumpkin Festival, demands diverse commercial properties, including hotels, restaurants, and retail outlets.

Several regional economic development initiatives, such as the San Mateo County Economic Development Association (SAMCEDA), support the growth and diversification of the local economy, further enhancing the demand for commercial real estate.

Strategic Location and Transportation Infrastructure

Half Moon Bay's strategic location on the Pacific Coast provides significant logistical advantages. The city is accessible via Highway 1 and is within a short driving distance to major transportation hubs, including San Francisco International Airport and the Port of Oakland.

Highways: Highway 1 connects Half Moon Bay to the greater Bay Area.
Airports: Proximity to San Francisco International Airport enhances access to national and international markets.
Ports: The Port of Oakland provides critical shipping routes for goods.

These transportation infrastructures facilitate efficient distribution channels and access to a vast labor pool from neighboring tech and business hubs.

Commercial Real Estate Inventory & Zoning

Half Moon Bay boasts a diverse range of commercial real estate submarkets. The city’s zoning regulations support various asset classes:

Industrial: Primarily located in the business park areas, supporting light manufacturing and agricultural processing.
Retail: Concentrated in the downtown area, catering to both locals and tourists.
Office: Limited but growing, with potential for expansion in mixed-use developments.
Medical and Flex Spaces: Emerging, driven by local healthcare needs and small tech firms.

For detailed zoning maps and parcel information, visit the City of Half Moon Bay Planning Department.

Major Employers and Institutions

Key employers in Half Moon Bay include:

Ritz-Carlton Half Moon Bay: A major player in the hospitality sector.
Half Moon Bay Brewing Company: A significant local employer in the food and beverage industry.

For more information, consult the San Mateo County Business Directory.

Notable Commercial Developments & Projects

Half Moon Bay is witnessing several exciting development projects:

Mixed-Use Developments: Projects that combine residential, retail, and office spaces are in various planning stages.
Opportunity Zones: These designated areas offer tax incentives for investors.

For more information, visit the Half Moon Bay Planning Department and explore approved development plans.

Building Permits, Planning, and Development Tools

Access essential resources for planning and development:

Market Data & Economic Reports

Half Moon Bay’s market data is supported by sources like census.gov and the city’s open data portal. Brevitas offers AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for Half Moon Bay for more detailed market analytics.