San Joaquin Ready for Growth!
From my client the San Joaquin Partnership:
Spec building critical to future San Joaquin USA growth
The San Joaquin Partnership has made, over the past couple of years, community presentations to keep staff decision makers and elected leaders up to date on the results of our "attraction of investment" marketing program that creates and retains jobs. Development of empty spec buildings is critical to our communities' growth in jobs. Why? Empty spec buildings mean economic opportunity and shows the prospective new employer or existing growth employer that the community is prepared and ready for growth. This critical part of attracting and retaining manufacturing and commercial business investment that grows San Joaquin's wages has been a hallmark of the San Joaquin Partnership's marketing program.
A unique willingness of landowners, developers, brokers and community development staff to work together to take multi-million dollar risks in development of modern industrial buildings in anticipation of selling or leasing to a new employer is a competitive advantage.
Without a stock of ready to use spec buildings in the market to attract jobs, the prospects just drive by and look for another nearby community that is ready for growth.
Currently three vacant spec buildings over 250,000 square feet are available and another 12 are planned or under construction in San Joaquin communities. Compare that to only one new spec building under development in Stanislaus County.
Available buildings are up in Lathrop, Lodi, Stockton and Tracy. Planned buildings include a 550,000 square foot in Centerpoint in Manteca.
As the East Bay and Silicon Valley continue to build out available industrial zoned sites, our communities' willingness to plan, quickly permit and team to market spec buildings will continue to be essential for the success of attracting and retaining new jobs and wages