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Bakersfield (Kern County), California

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Capital HQ
Last Updated: 7-Jan-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
(Rent/square foot/year) Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 20.40 $ 21.00 $ 20.70 5.3% 7.3%
Class B (Secondary) $ 13.20 $ 19.80 $ 15.10 1.0% 7.9%
 
Suburban Office
New Construction (AAA) $ 24.60 $ 34.20 $ 28.00 10.7% 7.1%
Class A (Prime) $ 21.00 $ 24.00 $ 22.50 7.3% 7.3%
Class B (Secondary) $ 10.00 $ 21.00 $ 15.50 10.3% 7.9%
 
Industrial
Bulk Warehouse $ 3.30 $ 4.20 $ 3.75 9.8% 7.0%
Manufacturing $ 4.10 $ 6.10 $ 5.10 4.7% 6.9%
High Tech / R&D $ 4.80 $ 15.00 $ 10.60 6.8% 7.1%
 
Retail
Downtown $ 20.00 $ 26.00 $ 24.00 2.9% N/A
Neigborhood Service Centers $ 8.50 $ 23.80 $ 15.60 4.3% 7.1%
Community Power Center $ 9.25 $ 18.00 $ 10.60 2.5% 7.2%
Regional Malls $ 10.00 $ 14.00 $ 12.00 1.7% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 414,000 $ 958,000
Land in Office Parks $ 370,000 $ 610,000
Land in Industrial Parks $ 196,000 $ 435,000
Office/Industrial Land - Non-park $ 152,460 $ 550,000
Retail/Commercial Land $ 350,000 $ 1,100,000
Residential $ 15,000 $ 135,000

 

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