Mid Year 2018 Bakersfield Office Market Report
Author: Bakersfield Office Properties Team
Date Published: 08/13/2018
Similar to other oil dominated economies, Bakersfield's office market has struggled since 2014 due to the weakened energy market. However, this trend is changing as oil prices begin to increase and stabilize, and in fact, are hovering around $70 per barrel at this time. Oil company capital projects spending is at the highest levels since 2014.