Newbury Park, California Commercial Real Estate 0 Listings

Newbury Park, California: A Premier Destination for Commercial Real Estate

Introduction

Newbury Park, California, is an attractive hub for commercial real estate (CRE) investment, characterized by its strategic location within the thriving economy of Ventura County. Known for its robust industry clusters such as biotechnology, aerospace, and advanced manufacturing, Newbury Park offers a unique positioning for commercial real estate opportunities. The city's relatively compact size, combined with its strong economic foundation, makes it a compelling choice for investors looking to tap into Southern California’s dynamic market.

Economic and Industry Overview

Newbury Park is home to a diverse array of industries that continuously fuel demand for various types of commercial properties. The city is particularly strong in:

Biotechnology: As part of the larger Los Angeles biotech corridor, Newbury Park supports a growing number of biotech firms that require specialized office and laboratory spaces.
Aerospace: The region's aerospace sector drives demand for industrial and flex spaces, catering to both established companies and innovative startups.
Advanced Manufacturing: This industry requires extensive industrial and mixed-use facilities, supported by the area's skilled workforce.

The city's economic development is supported by regional agencies such as the Economic Development Collaborative, which provide resources and incentives to businesses and investors.

Strategic Location and Transportation Infrastructure

Newbury Park's strategic location offers significant logistical advantages:

Highways: The city is conveniently located near U.S. Route 101, providing direct access to Los Angeles and Santa Barbara.
Airports: Proximity to Los Angeles International Airport (LAX) and Bob Hope Airport in Burbank ensures efficient air travel options.
Public Transportation: Connectivity is further enhanced by local bus services, facilitating easy access to labor pools and urban centers.

These transportation links are critical for distribution and access to broader coastal markets. For more details, visit the California Department of Transportation.

Commercial Real Estate Inventory & Zoning

Newbury Park boasts a variety of submarkets that cater to different asset classes:

Industrial Corridors: These areas are ideal for distribution centers and manufacturing facilities, vital for regional supply chains.
Retail Hubs: Concentrated along major thoroughfares, these locations offer high visibility for retail operations.
Office Spaces: Situated primarily in business parks, these spaces support the region's growing professional services sector.

Recent zoning adjustments and overlays have been introduced to encourage mixed-use developments and sustainable growth. For zoning maps and more information, visit the City of Thousand Oaks Planning Division.

Major Employers and Institutions

Newbury Park hosts several major employers that contribute to the city's economic vitality:

Amgen: A leading biotech company with significant operations in the area.
Teledyne Technologies: A key player in the aerospace sector.
California Lutheran University: Provides educational resources and a skilled workforce.

These institutions are fundamental in driving CRE demand, creating a vibrant environment for investment. Explore more on the Ventura County Economic Development Association website.

Notable Commercial Developments & Projects

Several large-scale projects are reshaping Newbury Park's commercial landscape:

Mixed-Use Developments: New projects integrate residential, retail, and office spaces, fostering community and economic growth.
Innovation Parks: These developments support research and development activities, attracting tech firms and startups.

For project details, visit the City of Thousand Oaks Planning Department.

Building Permits, Planning, and Development Tools

Investors and developers can access a range of resources:

Market Data & Economic Reports

Access comprehensive market data and economic reports through public datasets such as census.gov and the city's Open Data Portal. Brevitas aggregates this data with proprietary insights to offer a detailed overview of Newbury Park's CRE landscape. Explore Brevitas-powered dashboards for this city here.