Commercial Land

California is an economic powerhouse with the fifth largest economy worldwide. Its key industries like technology, agriculture, tourism, and more are thriving. Top talent and innovative companies are drawn to its major hubs like Silicon Valley and Hollywood, fueling even more growth. For investors, California's strong economic drivers create robust demand for housing and commercial real estate.


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Commercial Land for sale Real Estate Statistics

Average Price $3.1M
Lowest Price $98K
Highest Price $19M
Total Listings 107
Avg. Price/SQFT $0

Property Types (active listings)

Commercial Land Property for Sale

   

More About Commercial Land For Sale

California's many half-empty office buildings and vacant big-box stores face new hope as the Bay Area's commercial real estate market grapples with numerous challenges. Chief among them is the region's sky-high cost of living and doing business, making it difficult for companies and residents alike to afford the area's steep housing and office rents. Moreover, cutthroat competition for talent and resources impedes businesses from attracting and retaining the employees they need to prosper. Booming economic forecasts for Bay Area commercial real estate stem largely from numerous growth factors, including a robust regional economy, high quality of life, and vibrant entrepreneurial culture that continue fueling the sector's strength and expansion despite some challenges.

The Bay Area offers abundant job opportunities with major companies like Google, Meta, Amazon, and Deloitte headquartered in and around San Francisco. This strong economic environment gives potential property investors’ confidence that renters will have the means to pay rent consistently. Remote work policies may have also fueled rising housing costs in the region, even with the exodus of residents in recent years. Zillow data shows home values in the Bay Area surged 19% between March 2020 and January 2024, from $930,000 to $1.1 million.

California's vacant office buildings and malls may find new purpose. The Federal Reserve signaled readiness to lower interest rates in 2024, making borrowing easier. Lawmakers approved $400 million to incentivize commercial-to-residential conversions, with $105 million in grants for affordable and market-rate housing. Thanks to relaxed land-use laws, developers will more easily convert commercial properties into apartments, condos, and townhomes. On July 1, one of the biggest housing reforms will take effect when Assembly Bill 2011, authored by Assemblymember Buffy Wicks (D-Oakland), goes into law. This legislation will fast-track approval for 100% affordable housing projects on properties zoned for retail, office space, or parking. It will also expedite approval for mixed-income developments with market-rate and affordable units located on four- to eight-lane commercial corridors.

California real estate investment provides an array of benefits, from portfolio diversification to long-term growth opportunities. For investors who can navigate the competitive market, the rewards can be substantial.