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arroyo grande commercial real estate

TRUE AMERICANA MEANS BIG BUSINESS FOR CENTRAL COAST

It’s Mid-State Fair time here on the Central Coast! A timeless tradition of true Americana, celebrating our heritage of agriculture, arts, crafts, competitions and show-stopping entertainment. Bright lights, carnival rides, fair food, exhibits and top-name entertainers were just some of the reasons that a record-breaking 430,000 guests made the trek to Paso Robles in 2017.

If the entertainment line-up is a top indicator for guest attendance, 2018 will be on track to deliver large Fair audiences once again. The free concert stage is hosting well-known artists such as Crystal Gayle, Monte Mills, Kris Kristofferson, Bear Market Riot, Big Bad Voodoo Daddy and newer artists For King & Country and recent winner of The Voice, Cassadee Pope. The main stage will light up each night with stars such as Florida Georgia Line, Pitbull, Demi Lovato, Gabriel Iglesias, ZZ Top, Tim McGraw with Faith Hill and Luke Bryan.

In addition to the draw of America’s top entertainers, Mid-State Fair offers great family entertainment with Livestock Competitions, Horse Shows, Petting Zoo, Country Finals Rodeo, Robotics for Kids, Tractor Races, Youth Performances and a newly revamped Carnival. The Mid-State Fair offers great entertainment value for the low admission price of $8-$12. If you will be attending multiple days, the Season Pass is the way to go, just $30 for children 6-12 and $60 for Adults offering admission everyday to the fairgrounds.

Not only do Central Coast residents flock to this event but it attracts huge crowds from all around the state. That means big dollars and big business for the area, especially Paso Robles. Hotels, motels and restaurants feel the biggest impact but even retail stores benefit from the tens of millions of dollars the Mid-State Fair brings to the community each year.

San Luis Obispo Commercial Real Estate

San Luis Obispo is situated in a unique area, roughly half way between two of the greatest cities in the United States – Los Angles and San Francisco. As people migrate away from those cities, but seek to retain proximity and lifestyle – the central coast communities like Carmel, San Luis Obispo, and Santa Barbara become interesting locations.

For businesses, the Central Coast offers many Commercial advantages. Commercial rents run from $1 per square foot to $3.50 per square foot for comfortable office space. Sure, there are some locations that charge more, but they are more unique rather than the norm.

According to a list compiled by the Building Owners and Managers Association (BOMA), San Luis Obispo County commercial rents are at an awesome discount to the Bay Area and Los Angles Area. These metropolitan areas represent 5 of the top 10 most expensive commercial rental markets in America. New York is number one at $48.27 per square foot, followed by Washington, D.C. at 42.63 per square foot.

San Mateo, CA $41.61 per square foot

Santa Monica, CA 36.67 per square foot

San Francisco, CA 34.86 per square foot

San Jose, CA 30.35 per square foot

Los Angles, CA 27.97 per square foot

Companies who lease in the cities can probably afford to buy commercial property here.

Century 21 Hometown is a full service real estate brokerage. We can support you in moving your business and your people. Our firm can help with your relocation needs for both businesses and your talented staff.

Contact our Director of Commercial Services, Jim Kelsey at 805-541-1941 to learn more about commercial real estate opportunities in San Luis Obispo County. Century 21 Hometown has 14 offices with local real estate experts throughout San Luis Obispo County and Bakersfield.

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