Livermore, California Commercial Real Estate 1 Listing

Livermore, California: A Premier Destination for Commercial Real Estate

Introduction

Located in the eastern part of the San Francisco Bay Area, Livermore, California, is a burgeoning hub for commercial real estate (CRE). With a population of approximately 90,000, Livermore's strategic location and vibrant economy make it an attractive destination for CRE investments. The city's economy is bolstered by major industry clusters such as advanced manufacturing, viticulture, and biotechnology, positioning Livermore as a unique player in the CRE market.

Economic and Industry Overview

Livermore's economy is diverse, with significant contributions from industries such as:

Biotechnology and Advanced Manufacturing: These industries drive demand for industrial and office spaces.
Viticulture: The presence of numerous vineyards and wineries creates a robust market for retail and hospitality properties.
Technology Innovation: Home to research institutions like the Lawrence Livermore National Laboratory, the city fosters demand for office and research facilities.

Regional economic development initiatives, such as those led by the Livermore Valley Chamber of Commerce, aim to bolster these industries further, thus enhancing CRE opportunities.

Strategic Location and Transportation Infrastructure

Livermore boasts excellent connectivity, providing logistical advantages for CRE:

Highways: Major routes like I-580 connect Livermore to other Bay Area cities and Central Valley, facilitating efficient transportation.
Airports: Proximity to Oakland International Airport and San Francisco International Airport enhances accessibility.
Rail: Livermore is served by the Altamont Corridor Express (ACE), connecting to San Jose and Stockton.

For more information, visit the California Department of Transportation.

Commercial Real Estate Inventory & Zoning

Livermore's CRE market is divided into several key submarkets:

Central Business District (CBD): Dominated by mixed-use developments and retail spaces.
Industrial Corridors: Concentrated along I-580, offering warehouses and manufacturing facilities.
Innovation Districts: Home to tech startups and research institutions, providing office and flex spaces.

Recent zoning changes have introduced incentives for developers, including density bonuses and streamlined permitting processes. Explore the city's zoning maps and parcel viewer for more details.

Major Employers and Institutions

Key employers and institutions in Livermore include:

Lawrence Livermore National Laboratory: A major driver of office and research space demand.
Topcon Positioning Systems: Influencing the need for industrial and office facilities.
Livermore Valley Joint Unified School District: Contributing to stable employment and regional growth.

For a comprehensive list, visit the Livermore Economic Development Department.

Notable Commercial Developments & Projects

Livermore is witnessing several large-scale developments:

Isabel Neighborhood Specific Plan: A mixed-use project integrating residential, retail, and office spaces.
Livermore Premium Outlets Expansion: Enhancing retail opportunities and attracting more foot traffic.

These projects often involve public-private partnerships and reside within designated Opportunity Zones. Learn more at the Livermore Planning Department.

Building Permits, Planning, and Development Tools

Access essential development resources via the following links:

Market Data & Economic Reports

Public data sources provide insights into Livermore's CRE market:

Brevitas leverages AI-powered aggregation from these public data sources and internal insights, offering users a comprehensive market view. Explore Brevitas-powered dashboards for Livermore.