Commercial Real Estate Market in Carmel Valley, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 125 off-market properties in Carmel Valley, CA. Commercial property asks $649/SF to buy (based on 4 listings) and $24.00/SF/Yr to lease (based on 3 listings).
Market Trends
Carmel Valley, CA spans 187.0 square miles in Monterey County, California. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Carmel Valley, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Carmel Valley, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Carmel Valley, 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%.
Multifamily
Across Monterey County, multifamily space asks $394/SF to buy. Multifamily vacancy in Carmel Valley, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Carmel Valley, CA has 6,609 residents in 3,001 households. Density runs 35 people per square mile. Median household income here is $162,656 and median gross rent $2,093 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Carmel Valley?
How much does it cost to lease commercial space in Carmel Valley?
Where does Realmo's Carmel Valley market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 3 active for-lease listings in Carmel Valley, CA. The medians are based on 4 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
