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Agriculture Land Values in the Imperial Valley Continue to Demonstrate Consistent Growth

4/26/24

This brief was provided by real estate services firm Cushman & Wakefield

Agriculture land values in the Imperial Valley have seen steady, long-term growth, which has attracted institutional investment, positioning the Valley for further economic diversification. According to the latest research from Cushman & Wakefield, agricultural production in the Imperial Valley has seen a consistent 3.9% annual growth from 2010 to 2022, surpassing $2.6 bil in gross value. Similarly, land values have shown a commendable annual growth rate of 6.9% over the same period, serving as a solid hedge against inflation.

In 2023, the Imperial Valley experienced a surge in volume, reaching a seven-year high, with 17,253 acres traded. This followed a general slowdown in the second half of 2022, due to uncertainty around the impact of drought on the Colorado River. Notably, the two largest deals from 2023 accounted for 32% of the total volume.

Of note, California’s Imperial Valley is home to the Calexico East U.S.-MX border crossing, a key component of North America trade infrastructure, which has seen considerable growth in the number of truck crossings since 2014. Calexico has risen to become one of the fastest growing markets, with truck crossings increasing 39.5% from 2014 through 2022.





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