Central California commercial real estate market offers a wide spectrum of assets in various markets.
Central California’s fundamentals have been trending in the right direction this cycle. While vacancies are below the national average, occupancy trails that of nearby metros. Historically, rent growth in Clovis, Fresno, Madera, and Visalia has been modest, but gains were well above the national average as of recent quarters. While inventory turnover has picked up consistently, pricing has increased dramatically.