2024 Office Space Rent & Sales
- $26.58 2024 Avg. Asking Rent
- 0.41% Y-o-Y Avg. Asking Rent Change
- 3.80% 2024 Office Vacancy Rate
Murrieta office price per square foot in 2024 was $26.58 on average. This marked a +0.41% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 3.80% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Murrieta, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2024 Office Construction in Murrieta, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Makena Medical Murrieta MOB - Phase II | 34888 Antelope Rd., 92563 | 50,200 | 2024 |
| Makena Murrieta Rancho Springs | 25420 Hancock Ave., 92562 | 29,990 | 2023 |
| Nutmeg Plaza | 23644 Clinton Keith Rd, 92562 | 14,184 | 2014 |
| Murrieta | 28078 Baxter Road, 92563 | 152,797 | 2011 |
| Building B | 25220 Hancock Ave., 92562 | 76,486 | 2007 |
| North Plaza | 38975 Sky Canyon Dr., 92563 | 39,264 | 2007 |
| South Plaza | 38977 Sky Canyon Dr., 92563 | 39,015 | 2007 |
| Oak Grove Professional Building | 25109 Jefferson Ave., 92562 | 38,994 | 2007 |
| The Courtyard East | 41870 Kalmia St., 92562 | 18,024 | 2006 |
| Building A | 25240 Hancock Ave., 92562 | 76,235 | 2005 |
Worth noting among recent office completions on the Murrieta market is Makena Medical Murrieta MOB - Phase II, which is currently the largest new office development in the city, at 50,200 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.