Murrieta Office Market Trends

Office Rental Market

  • $24.83 2019 Avg. Asking Rent
  • 6.95 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Murrieta was $24.83 per square foot, and the office vacancy rate across the market averaged 6.95 %. During 2019, developers added 0 square feet of new office space to the Murrieta market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Murrieta Class A Office Buildings$29.00
  • Murrieta Class B Office Buildings$23.12
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Murrieta, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Murrieta, CA

  • Murrieta, CA Total Sqft completed in 2019 0
  • Murrieta, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Murrieta
Building name Address Total Sqft Year built
Loma Linda University Medical Center - Murrieta Professional Office Building 28078 Baxter Road, 92563 153,000 2011
Silverhawk Corporate Center 38977 Sky Canyon Drive, 92563 80,000 2008
Crossroads Corporate Center - 25220 Hancock Avenue 25220 Hancock Avenue, 92562 78,032 2007
Crossroads Corporate Center - 25240 Hancock Avenue 25240 Hancock Avenue, 92562 76,500 2005
Summit at Silverhawk 29995 Technology Drive, 92563 72,513 2005
Silverhawk Business Park 30123 Technology Drive, 92563 63,989 2006
Rady Children’s Health Services Medical Office Building 25170 Hancock Avenue, 92562 62,800 2018
24100 Monroe Avenue 24100 Monroe Avenue, 92562 62,600 1999
Sky Canyon Centre 38860 Sky Canyon Drive, 92563 59,697 2008
Walsh Medical Arts Center 25405 Hancock Avenue, 92562 55,644 1991
Largest Office Properties Recently Completed in Murrieta
Office building Address Sqft Completed
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
Ivy Place Office Building 41856 Ivy Street, 92562 37,369 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
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Murrieta office market contains an inventory of 1,297,205 square feet of office space, in 34 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.