2023 Office Space Rent & Sales
- $27.78 2023 Avg. Asking Rent
- 5.36% 2023 Office Vacancy Rate
Temecula office price per square foot in 2023 was $27.78 on average. The local office market recorded an average vacancy rate of 5.36% 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
Temecula, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Temecula, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Old Town Center | 28544 Old Town Front St., 92590 | 29,502 | 2009 |
| Legacy Corporate Park | 41951 Remington Ave., 92590 | 31,181 | 2007 |
| Temecula Office Centre | 43394 - 43398 Business Park Drive, 92590 | 6,434 | 2006 |
| Vail Ranch Towne Square | 32605 Temecula Pky., 92592 | 54,970 | 2005 |
| Madison Avenue Plaza | 27290 Madison Ave., 92590 | 35,388 | 2005 |
| Garrett Corporate Center | 1 Better World Cir., 92590 | 29,641 | 2005 |
| Rancho Pueblo Office Park | 31515 Rancho Pueblo Road #202, 92592 | 21,880 | 2005 |
| Global Recordings Building | 41823 Enterprise Circle N., 92590 | 20,000 | 2005 |
| Garrett Corporate Center | 3 Better World Cir., 92590 | 13,155 | 2005 |
| Summit Office Building | 1 Ridgegate Dr., 92590 | 35,258 | 2003 |
Worth noting among recent office completions on the Temecula market is Old Town Center, which is currently the largest new office development in the city, at 29,502 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 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.