2020 Office Space Rent & Sales
- $26.32 2020 Avg. Asking Rent
- 7.09% 2020 Office Vacancy Rate
Murrieta office price per square foot in 2020 was $26.32 on average. The local office market recorded an average vacancy rate of 7.09% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Murrieta Class A Office Space$29.02
- Murrieta Class B Office Space$24.51
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Murrieta, CA Office Asking Rents by Class
2020 Office Construction in Murrieta, CA
- Murrieta, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Murrieta office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| KTM Headquarters Building | NEC Hunter Road & Winchester Road, 92563 | 58,120 | 2022 |
| Rady Children’s Health Services Medical Office Building | 25170 Hancock Avenue, 92562 | 62,800 | 2018 |
| Loma Linda University Medical Center - Murrieta Professional Office Building | 28078 Baxter Road, 92563 | 153,000 | 2011 |
| 24640 Jefferson Avenue | 24640 Jefferson Avenue, 92562 | 26,642 | 2011 |
| Continental Medical Plaza | 25455 Medical Center Drive, 92562 | 38,000 | 2009 |
| Washington Office Center | 24630 Washington Avenue, 92562 | 27,296 | 2009 |
| Silverhawk Corporate Center | 38977 Sky Canyon Drive, 92563 | 80,000 | 2008 |
| Sky Canyon Centre | 38860 Sky Canyon Drive, 92563 | 59,697 | 2008 |
| Sky Canyon Business Center | 38670 Sky Canyon Drive, 92563 | 39,140 | 2008 |
| Crossroads Corporate Center - 25220 Hancock Avenue | 25220 Hancock Avenue, 92562 | 78,032 | 2007 |
Worth noting among recent office completions on the Murrieta market is KTM Headquarters Building, which is currently the largest new office development in the city, at 58,120 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Murrieta commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.