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%
Temecula
Retail
Office
Industrial
Murrieta
Retail
Office
Industrial
Southwest Riverside County
Retail
Office
Industrial
41623 Margarita Road, Suite 100, Temecula, CA 92591 | P: (951) 491-6300 | F: (951) 491-6330
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