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HESPERIA, CA-This community’s office and retail markets comprise significantly more office and retail space than previously thought, according to a study commissioned by the Victorville-based Bradco Cos. commercial real estate brokerage and conducted by Orange-based OURtelligence. The report, which follows a Bradco-OURtelligence survey earlier this year of all High Desert communities, is the first of a series that will zero in on each submarket within the 1,700-square-mile High Desert region of the Inland Empire.The survey shows that Hesperia’s office market comprises 636,833 sf of space and its retail inventory consists of more than 2.6 million sf. That compares with 470,422 sf of office and more than 2.4 million sf of retail reported for Hesperia earlier in February this year when Bradco and OURtelligence issued the overall High Desert survey. The new survey also shows more than 3.5 million sf of industrial space in Hesperia, with availability rates of nearly 10.2% for industrial, 3.6% for retail and 9.4% for office.The goal of the follow-up submarket surveys is to obtain more accurate figures for every submarket in the High Desert, says Brady, who has long been prominent in High Desert real estate and economic development activities. The February survey, Brady explains, included only information on the total property in each product class. The new survey includes information on how the spaces are divided internally in those properties and what tenants were occupying thee spaces. Brady says the survey results indicate that Hesperia and the rest of the region “are perfectly poised for expansion.”OURtelligence visited each of Hesperia’s commercial buildings, going door-to-door to gather the information in the survey, reports Susan Bloomfield, president of the market research firm. She says future surveys of submarkets will do the same for the other High Desert communities in order to compile what will be the most comprehensive accounting of High Desert commercial space ever completed. Ultimately, says Dana Parker, VP of OURtelligence, the commercial space reports will suggest what product types are needed to attract investors, developers and tenants to the High Desert.The OURintelligence researchers spent seven months compiling the information in the overall High Desert study that was issued earlier this year and that forms the basis for the follow-up studies of individual submarkets. Bloomfield says they drove the entire area, street by street and property by property, in order to verify property data collected from a host of sources, including tax assessor data, appraisal information, and posted listings of available properties.

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