Commercial Real Estate Market in Banning, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
109 active listings and 939 off-market properties in Banning, CA. Commercial property asks $33/SF to buy and $10.22/SF/Yr to lease.
Market Trends
Banning, CA spans 141.3 square miles in Riverside County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Banning, CA asks $344/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Banning, CA asks $292/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Banning, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Banning, CA asks $139/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 26.3%
- Planned_development 20.7%
- Residential 19%
- Mixed use 7.1%
- Commercial 4.7%
- Civic 4%
- Industrial 3.8%
Largest Zones share of zoned land by district
Low Density Residential 0 To 5 Dwelling Units Per Acre
Open Space Resources
Specific Plan
Open Space Parks
Medium Density Residential 0 To 10 Dwelling Units Per Acre
Low Density Residential 0 To 5 Dwelling Units Per Acre (LDR)
This zoning district allows the development of attached and detached single family homes, in traditional subdivisions and planned communities. The clustering of condominiums and townhomes may be appropriate with the provision of common area amenities and open space, when a Specific Plan or Planned Unit Development is prepared. Bed and breakfasts and similar…
Market overview
Demographics & Economy
Banning, CA has 32,947 residents in 13,258 households. Density runs 233 people per square mile. Median household income here is $59,116 and median gross rent $1,499 a month.
32,947
Population
13,258
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
141.3 sq mi
ZIP Area
233
Density / Sq Mi
$59,116
Median Household Income
$35,428
Median Earnings
$1,499
Median Rent
$324,800
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Banning?
Commercial property in Banning, CA asks an average of $33 per square foot. The 5 most recent recorded sales traded at a median of $256/SF. Office carries the highest asking price at $344/SF.
How much does it cost to lease commercial space in Banning?
Asking lease rates in Banning, CA average $10.22 per square foot per year.
Where does Realmo's Banning market data come from?
Realmo compiles Banning, CA figures from 6 recent recorded sales, 96 active sale listings, 13 active lease listings, 939 tracked off-market properties, the current Banning zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 96 active for-sale and 13 active for-lease listings in Banning, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 14,813 zoned acres across 23 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
