WestMar Commercial Real Estate

Starburst

Weekly Market Trends

May 13, 2022

Temecula
Retail

INVENTORY
SF

8.5 M +0%

UNDER CONSTRUCTION SF

57.9 K +0.0%

12 MO NET ABSORPTION SF

-77.1 K +498.5%

VACANCY
RATE

7.2 % -3.6%

MARKET RENT/SF ANNUALLY

$ 28.31 +5.0%

MARKET SALE PRICE/SF

$ 305 +8.3%

MARKET
CAP RATE

5.8 % -0.1%
Office
3.5 M +0%
0 K -
-30.3 K +288.0%
6.6 % -1.6%
$ 23.52 +2.5%
$ 205 +6.8%
7.4 % -0.1%
Industrial
11.2 M +0%
0 K -
53.1 K -542.3%
3.9 % +2.1%
$ 12.49 +13.3%
$ 181 +20.9%
4.8 % -0.2%
Murrieta
Retail

INVENTORY
SF

5.7 M +0.6%

UNDER CONSTRUCTION SF

28.3 K +445.6%

12 MO NET ABSORPTION SF

124 K -12.0%

VACANCY
RATE

6 % -1.3%

MARKET RENT/SF ANNUALLY

$ 25.21 +6.8%

MARKET SALE PRICE/SF

$ 297 +8.2%

MARKET
CAP RATE

5.8 % -0.1%
Office
2 M +1.0%
20.8 K -100%
26.4 K +6.3%
6.4 % -0.5%
$ 26.81 +2.3%
$ 245 +8.0%
7.2 % -0.2%
Industrial
4.9 M +9.5%
409 K -73.6%
72.3 K +454.4%
2 % +1.0%
$ 14.02 +11.9%
$ 243 +20.3%
4.6 % -0.1%
Southwest Riverside County
Retail

INVENTORY
SF

56 M +6.9%

UNDER CONSTRUCTION SF

5 M -6.2%

12 MO NET ABSORPTION SF

3.2 M +25.3%

VACANCY
RATE

4.2 % -0.5%

MARKET RENT/SF ANNUALLY

$ 10.07 +15.0%

MARKET SALE PRICE/SF

$ 170 +25.7%

MARKET
CAP RATE

4.4 % -0.3%
Office
8.8 M +0.5%
39.3 M -100%
23.3 K +373.3%
5.3 % -0.8%
$ 23.54 +2.8%
$ 216 +6.9%
7.3 % -0.2%
Industrial
1.4 M +1.3%
17.7 M -100.0%
14.1 M -21.2%
13.1 % +0.4%
$ 24.01 +7.8%
$ 264 +7.7%
5.8 % -0.1%
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