Commercial Real Estate Market in Covina, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
75 active listings and 1,567 off-market properties in Covina, CA. Commercial property asks $363/SF to buy and $22.49/SF/Yr to lease.
Market Trends
Covina, CA spans 12.7 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Covina, CA asks $305/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 Covina, CA asks $510/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 Covina, 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 Covina, CA asks $330/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
- Residential 78.8%
- Commercial 10%
- Industrial 5.6%
- Mixed use 3.2%
- Civic 0.9%
- Special 0.1%
Largest Zones share of zoned land by district
Residential Zone Single Family 7500 Square Feet Minimum Lot Size
Residential Zone Single Family 10000 Square Feet Minimum Lot Size
Light Manufacturing Zone
Residential Zone Single Family 8500 Square Feet Minimum Lot Size
Residential Zone Multiple Family 2000 Square Feet Minimum Lot Area Per Dwelling Unit
Covina, CA zones 3,582 acres across 82 districts. Commercial zoning covers 10% of zoned land, residential 78.8% and industrial 5.6%. The largest single district is Residential Zone Single Family 7500 Square Feet Minimum Lot Size at 45.9%. For commercial buyers the practical constraint is that only 15.6% of land carries a commercial or industrial designation.
Residential Zone Single Family 7500 Square Feet Minimum Lot Size (R-1-7500)
The uses permitted, subject to conditional use permit in the R-1-7500 zone, CMC § 17.26.030 , may be so permitted in this zone. ( 1964 Code Appx. A § 2.02 ) § 17.12.040 Prohibited uses. A. The uses expressly prohibited in the R-1-7500 zone, CMC § 17.26.040 , shall be so prohibited in this zone. B. The raising or keeping of pigs, hogs, goats, fowl and livesto…
Market overview
Demographics & Economy
Covina, CA has 82,944 residents in 26,228 households. Density runs 6,534 people per square mile. Median household income here is $96,847 and median gross rent $1,967 a month.
82,944
Population
26,228
Households
3.2
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
12.7 sq mi
ZIP Area
6,534
Density / Sq Mi
$96,847
Median Household Income
$43,910
Median Earnings
$1,967
Median Rent
$666,655
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Irwindale | $363 (county avg) | — |
| Azusa | $363 (county avg) | — |
| West Covina | $363 (county avg) | $28.73 |
| Baldwin Park | $363 (county avg) | — |
Commercial property in Covina, CA asks $363/SF. The 4 bordering markets run from $363/SF in Irwindale to $363/SF in Irwindale, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Covina?
Commercial property in Covina, CA asks an average of $363 per square foot. The 5 most recent recorded sales traded at a median of $139/SF, so asking sits 161% above the achieved median. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Covina?
Asking lease rates in Covina, CA average $22.49 per square foot per year.
How does Covina compare to nearby markets on price?
Covina, CA asks $363/SF against $363/SF in Irwindale, $363/SF in Azusa, $363/SF in West Covina and $363/SF in Baldwin Park.
What zoning applies to commercial property in Covina?
Covina, CA zones 3,582 acres across 82 districts, of which 10% is commercial and 5.6% industrial. The largest single district is Residential Zone Single Family 7500 Square Feet Minimum Lot Size at 45.9% of zoned land. The uses permitted, subject to conditional use permit in the R-1-7500 zone, CMC § 17.26.030 , may be so permitted in this zone. ( 1964 Code Appx. A § 2.02 ) § 17.12.040 Prohibited uses. A. The uses expressly prohibited in the R-1-7500 zone, CMC § 17.26.040 , shall be so prohibited in this zone. B. The raising or keeping of pigs, hogs, goats, fowl and livesto… Residential zoning covers 78.8% and open space 0%.
Where does Realmo's Covina market data come from?
Realmo compiles Covina, CA figures from 5 recent recorded sales, 32 active sale listings, 43 active lease listings, 1,567 tracked off-market properties, the current Covina zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 43 active for-lease listings in Covina, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 3,582 zoned acres across 82 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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
