Starburst

Monthly Market Trends

December 23, 2022

Temecula
Retail

INVENTORY
SF

8.5 M +0.6%

UNDER CONSTRUCTION SF

54.4 K -86.6%

12 MO NET ABSORPTION SF

183 K +11.3%

VACANCY
RATE

5 % -1.8%

MARKET RENT/SF ANNUALLY

$ 29.07 +7.5

MARKET SALE PRICE/SF

$ 333 +4.3%

MARKET
CAP RATE

5.6 % -0%
Office
3.4 M +0%
0 K -
18.7 K +94.9%
5.5 % -1.0%
$ 23.22 +4.6%
$ 217 +5.3%
7.3 % -0.1%
Industrial
11.2 M +0.6%
167 K -213.3
252 K -213.3%
2.4 % +4.0%
$ 13.72 +14.0%
$ 215 +18.4%
4.5 % -0.1%
Murrieta
Retail

INVENTORY
SF

5.8 M +3.0%

UNDER CONSTRUCTION SF

12.6 K +98.7%

12 MO NET ABSORPTION SF

80.3 K +72.5%

VACANCY
RATE

5.6 % +0.4%

MARKET RENT/SF ANNUALLY

$ 26.16 +6.6%

MARKET SALE PRICE/SF

$ 319 +4.1%

MARKET
CAP RATE

5.7 % -0%
Office
2 M +1.0%
20.8 K +178.8%
77.4 K -105.0%
5.3 % +1.2%
$ 26.51 +4.6%
$ 259 +4.1%
7.1 % -0.1%
Industrial
5.3 M +2.0%
205 K +28.5%
461 K -74.3%
0.9 % -0.2%
$ 15.18 +12%
$ 278 +20.0%
4.4 % -0.1%
Southwest Riverside County
Retail

INVENTORY
SF

31.7 M +1.1%

UNDER CONSTRUCTION SF

324 M -11.9%

12 MO NET ABSORPTION SF

712 M -29.0

VACANCY
RATE

5.8 % -0.6%

MARKET RENT/SF ANNUALLY

$ 24.77 +6.5%

MARKET SALE PRICE/SF

$ 286 +5.1%

MARKET
CAP RATE

6 % -0.1%
Office
8.6 M +0.5%
42.2 M +37.4%
113 K -88.5%
4.6 % +0.3%
$ 23.32 +4.8%
$ 225 +4.8%
7.2 % -0.1%
Industrial
58.3 M +3.8%
5.2 M +52.2%
2.8 M -45.1%
2.7 % +1.1%
$ 11.33 +15.8%
$ 203 +22.6%
4.1 % -0.2%

41623 Margarita Road, Suite 100, Temecula, CA  92591  |  P: (951) 491-6300  |  F: (951) 491-6330

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