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Kern County: A Premier Destination for Commercial Real Estate

Introduction

Kern County offers a compelling landscape for commercial real estate (CRE) professionals, characterized by its expansive geography, diverse economy, and strategic location in California. With a robust presence in industries such as agriculture, oil production, and logistics, Kern County presents unique opportunities for investment in various CRE asset classes. The county's development initiatives and strategic infrastructure make it an attractive hub for businesses seeking growth and expansion.

Economic and Industry Overview

Kern County's economy is powered by several key industries that significantly influence CRE demand:

Agriculture: As one of the leading agricultural counties in the nation, Kern County's agricultural sector drives demand for industrial and storage facilities.
Oil and Energy: The county is a major oil producer, contributing to the demand for industrial spaces and corporate offices.
Logistics and Distribution: With its strategic location, logistics and distribution are growing sectors, necessitating expansive warehousing and distribution centers.

Regional economic development is supported by agencies like the Kern Economic Development Corporation, which promotes business growth and investment in the county.

Strategic Location and Transportation Infrastructure

Kern County's transportation infrastructure includes:

Highways: Major thoroughfares such as I-5 and CA-99 facilitate regional connectivity.
Airports: Meadows Field Airport offers cargo and passenger services.
Rail Lines: The county is served by major rail operators, enhancing its logistics capabilities.

These elements provide logistical advantages, including access to significant labor pools and proximity to major markets like Los Angeles. For more details, visit the California Department of Transportation.

Commercial Real Estate Inventory & Zoning

Kern County is home to diverse CRE submarkets:

Central Business District (CBD): Located in Bakersfield, this area offers a mix of office and retail spaces.
Industrial Corridors: Areas like Shafter provide extensive industrial and logistics facilities.
Innovation Districts: Emerging clusters that focus on technology and research.

The county offers incentives for developers, including zoning changes and overlays. For zoning maps, visit the Kern County Planning and Natural Resources Department.

Major Employers and Institutions

Kern County hosts several major employers and institutions:

Kaiser Permanente and Chevron are among the top employers, influencing office space demand.
California State University, Bakersfield provides education and research opportunities, impacting surrounding commercial spaces.

For a comprehensive list of employers, refer to the Kern County Economic Development Corporation.

Notable Commercial Developments & Projects

Significant projects include:

Rosedale Highway Corridor: A mixed-use development enhancing retail and office opportunities.
Opportunity Zones: Areas designated for economic revitalization through investment incentives.

For planning details, visit the Kern County Planning Department.