Taft, California Commercial Real Estate 1 Listing

Taft, California: A Premier Destination for Commercial Real Estate

Introduction

Taft, California, located in the heart of Kern County, offers unique opportunities for commercial real estate (CRE) investors. Known for its rich oil history, Taft has evolved into a city with diverse economic activities. With a small-town charm yet strategic economic positioning, Taft is an attractive market for commercial developments, driven by its energy industry and proximity to major California transportation routes.

Economic and Industry Overview

Taft's economy is predominantly shaped by the energy sector, particularly oil and gas, which continues to drive demand for industrial and office properties. The city's economic landscape is complemented by emerging sectors such as renewable energy and logistics. The Kern Economic Development Corporation actively promotes regional growth, focusing on diversifying industries and enhancing business opportunities in Taft.

Strategic Location and Transportation Infrastructure

Taft's strategic location offers significant advantages for logistics and distribution. The city is accessible via State Route 33 and is a short drive from major highways like Interstate 5 and Highway 99, facilitating efficient transportation of goods. While Taft does not have its own airport, it is within reasonable proximity to the Meadows Field Airport in Bakersfield. For detailed transportation information, visit the California Department of Transportation.

Commercial Real Estate Inventory & Zoning

Taft's commercial real estate market includes several key submarkets, such as the Taft Central Business District and the Industrial Corridor. The city's inventory consists of industrial properties, retail spaces, and office buildings. Recent zoning updates aim to encourage mixed-use developments and enhance business districts. For zoning maps and parcel information, please refer to the City of Taft's Planning Department.

Major Employers and Institutions

The presence of major employers like Aera Energy and the West Kern Oil Museum underscores Taft's economic foundation. The Taft College also contributes to the local economy, fostering a skilled labor force. For a comprehensive list of businesses and institutions, explore the Kern County Business Directory.

Notable Commercial Developments & Projects

Taft is witnessing several large-scale projects, including mixed-use developments and public-private partnerships. The city's Opportunity Zones provide incentives for developers to invest in underutilized areas. To view site maps of ongoing projects, visit the Taft Planning Commission.

Building Permits, Planning, and Development Tools

Developers in Taft can access a range of planning and development tools, including:

Market Data & Economic Reports

For comprehensive market data and economic insights, CRE professionals can leverage public resources such as Census.gov and the City’s Open Data Portal. Brevitas enhances these datasets with AI-driven aggregation, offering detailed insights and real-time market analyses.