On average, listings lease in the $10's per square foot per year. The Downtown Bakersfield region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 19% decrease in rent.
In the last 90 days, 15 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,940 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Bakersfield residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.