Temecula Office Market Trends

Office Rental Market

  • $26.12 2019 Avg. Asking Rent
  • 5.52 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Temecula was $26.12 per square foot, and the office vacancy rate across the market averaged 5.52 %. During 2019, developers added 0 square feet of new office space to the Temecula 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

  • Temecula Class A Office Buildings$22.74
  • Temecula Class B Office Buildings$26.56
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Temecula, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Temecula, CA

  • Temecula, CA Total Sqft completed in 2019 0
  • Temecula, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Temecula
Building name Address Total Sqft Year built
KDM Building 41635 Enterprise Circle North, 92590 360,000 1999
Rancho Pueblo Center 31493 Rancho Pueblo Road, 92592 121,509 2005
28780 Single Oak Drive 28780 Single Oak Drive, 92590 97,737 1988
Jefferson Court 27570 Commerce Center Drive, 92590 90,007 1987
Temecula Corporate Plaza Center 27450 Ynez Road, 92591 82,663 1989
Tower Office Plaza 27555 Ynez Road, 92591 72,250 1991
Madison Plaza 27270 Madison Avenue, 92590 66,859 2003
The Truax Building 41923 2nd Street, 92590 65,000 2014
Inland Terrace Corporate Center 27368 Via Industria, 92590 56,267 2002
Vail Ranch Towne Square 32605 Temecula Pkwy, 92592 56,113 2005
Largest Office Properties Recently Completed in Temecula
Office building Address Sqft 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
The Old Town Center 28544 Old Town Front Street, 92590 29,502 2009
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
Data provided by Commercial Edge

Office Spaces for Rent in California

TEMECULA OFFICE SALES TRENDS

  • $182.662019 Avg. Price per Sqft
  • -20.33 %Y-o-Y Avg. PpSF Change
  • $24.2M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Temecula averaged $182.66 per square foot. This marked a -20.33 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Temecula office market in 2019, amounting to a total sales volume of $24.2M.

Average Office Sale Price per Sqft

Temecula, CA Sales Trends

  • Temecula Price per Sqft$182.66
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Temecula, CA Total Office Sales Volume in 2019 $24.2M
  • Temecula, CA Total Number of Office Sales Closed in 2019 3

Largest Temecula Office Sales in 2019

Property name Address Date Price
Madison Plaza 27270 Madison Avenue 9/27/2019 $15,100,000
Rancho California Medical Plaza 29645 Rancho California Road 3/7/2019 $5,835,000
31205 & 31217 Pauba Road 31205 Pauba Road 10/29/2019 $3,300,000
Data provided by Commercial Edge

See trends for nearby markets

The Temecula office market contains an inventory of 1,784,098 square feet of office space, in 69 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 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.