The Eureka area sits on the precipice of a boom many believe will begin in the next few years as the California economy evolves and the town finally moves past the Great Recession that led to high levels of unemployment. Over the past few years, job prospects have improved, and downtown Eureka has seen a revival that includes new upscale shops and restaurants joining the area.
The unemployment rate continues to drop, and job growth has returned to pre-recession rates. The number of businesses for sale in Eureka has risen as Wall Street and Silicon Valley become interested in the area, which will receive a big financial boost from the tax revenue that comes along with the recent legalization of marijuana in California. The town’s main industries include manufacturing, retail and social and health care.
For those looking for an up-and-coming West Coast location for their business, Eureka makes an excellent choice.
The appeal of living in California is undeniable, and Eureka has long been known for its natural resources. It includes one of the state’s biggest fishing ports and once led the West Coast timber trade, though many local mills have since closed.
St. Joseph Hospital provides many jobs in the area now, along with Humboldt County government. A company entering the area can find plenty of people looking to get back into the workforce. While lease rates have risen with the arrival of the cannabis industry, which has put pressure on local real estate, you can still find properties at reasonable prices.
The Eureka branch of our team lives and works in this area. They understand the factors that influence the local real estate market, and they keep tabs on anything that may impact their clients. They get the nuances of the market, and they can relay this knowledge to you, allowing you to get the inside track on Eureka commercial real estate.
We build our relationships on trust. We want our clients to feel confident that we have their best interests at heart as we search for the right property for their business. We have spent more than 100 years serving our clients the right way, which guides us in all our current dealings.
When you choose a Coldwell Banker Commercial professional, you also get the huge global network behind them. Our nearly 3,000 agents are all experts in their market who can turn to one another when they need insight or assistance. Putting all that to work for you gives you a leg up in finding the right commercial property.
Still want more research before you commit to the Eureka market? We have loads of information available on local market trends, including real estate data you can examine in-depth. Get in touch with an professional today to start your search.