2023 Office Space Rent & Sales
- $26.29 2023 Avg. Asking Rent
- 4.19% 2023 Office Vacancy Rate
Murrieta office price per square foot in 2023 was $26.29 on average. The local office market recorded an average vacancy rate of 4.19% 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
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Murrieta, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Murrieta, CA
- Murrieta, CA Total SF completed in 2023 207,880
During 2023, 207,880 square feet of new office space were delivered across the market. At the close of 2023, the Murrieta office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 207,880 square feet of office space.
| 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 |
| 25096 Jefferson Ave | 25096 Jefferson Avenue, 92562 | 3,264 | 2007 |
| 39825 Avenida Acacias | 39825 Avenida Acacias, 92563 | 37,244 | 2006 |
| Murrieta Springs Professional Center | 24910 Las Brisas Rd., 92562 | 36,665 | 2006 |
| The Courtyard West | 41880 Kalmia St., 92562 | 18,024 | 2006 |
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.