Millbrae, California Commercial Real Estate 0 Listings

Millbrae, California: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of the San Francisco Peninsula, Millbrae, California, is a burgeoning hub for commercial real estate (CRE) investments. Renowned for its strategic location and robust economic framework, Millbrae offers an attractive landscape for various industries, including technology, retail, and logistics. This city's proximity to major urban centers and transportation networks enhances its appeal, making it a prime spot for CRE opportunities.

Economic and Industry Overview

Millbrae's economy is driven by several key industries that create a diverse demand for commercial properties. The city's economic landscape is bolstered by:

Technology Sector: Proximity to Silicon Valley attracts tech firms seeking office spaces.
Retail and Hospitality: With a thriving tourism sector, retail spaces and hotels are in high demand.
Logistics and Distribution: The presence of San Francisco International Airport (SFO) nearby fuels industrial and warehouse needs.

The San Mateo County Economic Development Association (SAMCEDA) actively supports initiatives to foster economic growth and attract new businesses to the area.

Strategic Location and Transportation Infrastructure

Millbrae's strategic location is underscored by its comprehensive transportation infrastructure:

Major Highways: Interstate 280 and U.S. Highway 101 provide seamless connectivity to major markets.
Air Travel: Close proximity to San Francisco International Airport (SFO) enhances global business accessibility.
Public Transit: Served by BART and Caltrain, ensuring efficient regional transit options.

These logistical advantages make Millbrae an ideal location for businesses requiring efficient distribution channels and access to a skilled labor pool.

Commercial Real Estate Inventory & Zoning

Millbrae's commercial real estate market is characterized by diverse submarkets and zoning categories:

Central Business District (CBD): A mix of office and retail spaces.
Industrial Corridors: Areas designated for warehousing and distribution.
Innovation Districts: Zones promoting tech startups and incubators.

Recent zoning updates have introduced incentives for developers, supporting growth in mixed-use projects. Explore Millbrae's zoning map for detailed information.

Major Employers and Institutions

Key employers and institutions significantly contribute to CRE demand in Millbrae:

Top Employers: Companies like YouTube and Genentech.
Educational Institutions: Nearby universities such as Stanford and San Francisco State University.
Government Centers: City of Millbrae offices and other municipal services.

Visit the Millbrae Business Directory for a comprehensive list of major employers.

Notable Commercial Developments & Projects

Millbrae is witnessing several transformative developments:

Millbrae Station Area Specific Plan: A mixed-use development integrating residential, commercial, and public spaces.
Opportunity Zones: Areas designated for tax incentives to spur investment.

For detailed project maps, visit the Millbrae Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development, Millbrae offers various resources:

Access the Planning Commission and view the Development Code for detailed regulations.

Market Data & Economic Reports

Utilize public data sets for deeper insights into Millbrae's market:

Brevitas leverages AI-powered aggregation to provide comprehensive market insights. Explore Brevitas-powered dashboards for tailored market data and analytics.