Commercial Real Estate Market in Hemet, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
396 active listings and 2,220 off-market properties in Hemet, CA. Commercial property asks $42/SF to buy and $16.07/SF/Yr to lease.
Market Trends
Hemet, CA spans 219.6 square miles in Riverside County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hemet, 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 Hemet, 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 Hemet, 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 Hemet, 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
- Industrial 26.3%
- Residential 19.1%
- Commercial 10.9%
- Open space 10.4%
- Agricultural 7%
- Civic 1.9%
- Mixed use 0.9%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Planned Community Development Page Ranch
Open Space General
Single Family Residential
Specific Plan Mc Sweeny Ranch
Planned Community Development Page Ranch (PCD-79-93)
The purpose of PCD-79-93 zone is to provide the developer with greater flexibility in site design, density and housing unit options in order to stimulate variety and innovation within the framework of a quality residential environment
Market overview
Demographics & Economy
Hemet, CA has 133,402 residents in 50,326 households. Density runs 607 people per square mile. Median household income here is $58,656 and median gross rent $1,546 a month.
133,402
Population
50,326
Households
2.7
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
219.6 sq mi
ZIP Area
607
Density / Sq Mi
$58,656
Median Household Income
$38,084
Median Earnings
$1,546
Median Rent
$318,094
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Hemet?
Commercial property in Hemet, CA asks an average of $42 per square foot. Office carries the highest asking price at $344/SF.
How much does it cost to lease commercial space in Hemet?
Asking lease rates in Hemet, CA average $16.07 per square foot per year.
Where does Realmo's Hemet market data come from?
Realmo compiles Hemet, CA figures from 6 recent recorded sales, 324 active sale listings, 72 active lease listings, 2,220 tracked off-market properties, the current Hemet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 324 active for-sale and 72 active for-lease listings in Hemet, 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: 16,987 zoned acres across 52 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 · How Realmo checks market page data · Report a data issue
