Temecula Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $24.70 2020 Avg. Asking Rent
  • 6.99% 2020 Office Vacancy Rate
  • $37.5M2020 Total Office Sales
  • $235.04Avg. Sale Price/SF

Temecula office price per square foot in 2020 was $24.70 on average. The local office market recorded an average vacancy rate of 6.99% across all asset classes combined. The 5 transactions that closed here throughout 2020 amounted to a total sale volume of $37.5M. Temecula office space commanded an average sale price per square foot of $235.04.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Temecula Class A Office Space$23.48
  • Temecula Class B Office Space$24.82
  • California Class A Office Space$55.92
  • California Class B Office Space$35.12
  • California Class C Office Space$23.50

Temecula, CA Office Asking Rents by Class

Temecula Office Sale Price per SF

  • $235.042020 Avg. Price per SF
  • 28.68%Y-o-Y Avg. PpSF Change
  • $37.5M2020 Office Sales Volume
  • 52020 Number of Transactions

Temecula, CA Sale Price per SF Trend

  • Temecula Avg. Sale Price per SF in 2020$235.04
  • California Avg. Sale Price per SF in 2020$432.41
Temecula office space cost in 2020 marked a +28.68% change compared to the previous year. The sale price for office space in Temecula averaged $235.04 per square foot in 2020, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $432.41 per square foot.

2020 Office Sales Volume

  • Temecula, CA Total Office Sales Volume in 2020 $37.5M
  • Temecula, CA Total Number of Office Sales Closed in 2020 5
A total of 5 deals closed on the Temecula office market in 2020, adding up to a yearly sales volume of $37.5M. Notably, the largest transaction on the market saw 31150 Temecula Pkwy change hands for $19,071,000 on 10/16/2020.

Largest Temecula Office Sales in 2020

Property name Address Date Price
31150 Temecula Pkwy 31150 Temecula Pkwy 10/16/2020 $19,071,000
Summit at Crystal Ridge, The 1 Ridgegate 6/15/2020 $5,180,000
Jefferson Commerce Center 27710 Jefferson Avenue 3/30/2020 $5,139,000
Tower Plaza Retail Center - Tower Office Plaza 27403 Ynez Road 5/7/2020 $4,473,000
Temecula Corporate Park - 43385 Business Park Drive 43385 Business Park Drive 2/26/2020 $3,680,467
Data provided by Commercial Edge

2020 Office Construction in Temecula, CA

  • Temecula, 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 Temecula office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Temecula
Office building Address SF Completed
Temecula Medical Campus - TV Phase One 31625 De Portola Road, 92592 25,121 2018
31775 De Portola Road 31775 De Portola Road, 92592 25,000 2018
Parker Medical Center 44605 Avenida de Missiones, 92592 29,603 2016
DePortola Professional Center 44025 Margarita Road, 92592 37,621 2015
31150 Temecula Pkwy 31150 Temecula Pkwy, 92592 28,255 2015
The Truax Building 41923 2nd Street, 92590 65,000 2014
Kaiser Permanente Temecula Medical Offices 27309 Madison Avenue, 92590 32,830 2007
Temecula Office Center 43390 Business Park Drive, 92590 52,871 2006
43620 Ridge Park Drive 43620 Ridge Park Drive, 92590 36,408 2006
Rancho Pueblo Center 31493 Rancho Pueblo Road, 92592 121,509 2005

Worth noting among recent office completions on the Temecula market is Temecula Medical Campus - TV Phase One, which is currently the largest new office development in the city, at 25,121 square feet.

Data provided by Commercial Edge

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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 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 Temecula 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.