Bakersfield, CA Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$206,014.00 +2.9% +13.1%
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Metro
$73,807.66 +0.9% +16.9%
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County
$73,807.66 +0.9% +16.9%
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City
$80,941.26 +1.0% +12.5%

Current Bakersfield market trends data indicates an increase of +1.0% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +12.5% compared to last year's prices. County-wide, asking prices for Multifamily properties are 0.9% higher at $73,808 per unit compared to the current median price of $80,941 per unit for Multifamily properties in Bakersfield, CA.

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$226.32 +3.3% +10.0%
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Metro
$127.11 +1.3% -1.6%
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County
$127.11 +1.3% -1.6%
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City
$131.77 +0.9% +0.5%

Current Bakersfield market trends data indicates an increase of +0.9% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +0.5% compared to last year's prices. County-wide, asking prices for Office properties are 1.3% higher at $127 per sq ft compared to the current median price of $132 per sq ft for Office properties in Bakersfield, CA.

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$142.69 +4.0% +13.6%
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Metro
$90.46 -3.5% +10.0%
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County
$90.46 -3.5% +10.0%

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$214.98 +1.0% +1.8%

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Office Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$23.08 +1.3% +5.7%
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Metro
$18.29 +0.0% +3.9%
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County
$18.29 +0.0% +3.9%
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City
$18.33 +0.1% +3.6%

The average asking rental rate per sq ft/year for Office properties in Bakersfield, CA as of Jun 16 was $18.33. This represents an increase of 0.1% compared to the prior 3 months, with an increase of +3.6% year-over-year. County-wide, average rental rates in Bakersfield are +0.0% higher at $18.29 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$10.31 +2.6% +10.2%
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Metro
$8.47 +3.4% +7.3%
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County
$8.47 +3.4% +7.3%
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City
$8.61 +3.1% +7.4%

The average asking rental rate per sq ft/year for Industrial properties in Bakersfield, CA as of Jun 16 was $8.61. This represents an increase of 3.1% compared to the prior 3 months, with an increase of +7.4% year-over-year. County-wide, average rental rates in Bakersfield are +3.4% higher at $8.47 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$20.88 +0.2% +1.0%
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Metro
$15.22 -0.7% 0.0%
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County
$15.22 -0.7% 0.0%
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City
$15.94 -0.7% +0.1%

The average asking rental rate per sq ft/year for Retail Commercial properties in Bakersfield, CA as of Jun 16 was $15.94. This represents a decrease of -0.7% compared to the prior 3 months, with an increase of +0.1% year-over-year. County-wide, average rental rates in Bakersfield are -0.7% lower at $15.22 per sq ft/year for Retail Commercial properties currently for lease.