Commercial Real Estate Market in Menifee, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
35 active listings and 989 off-market properties in Menifee, CA.
Market Trends
Menifee, CA spans 117.8 square miles in Riverside County, California. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Riverside County, office space asks $328/SF to buy. Office vacancy in Menifee, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Across Riverside County, retail space asks $224/SF to buy. Retail vacancy in Menifee, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Menifee, 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 Riverside County, multifamily space asks $172/SF to buy. Multifamily vacancy in Menifee, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 47.2%
- Civic 23.8%
- Open space 4.8%
- Commercial 4.6%
- Planned_development 2.7%
- Industrial 2.4%
- Mixed use 1.2%
- Agricultural 0.2%
Largest Zones share of zoned land by district
RR2, RR1, BP, HI, EDC 5 or more dogs 1 acre (or as noted in Section C below) Any building, structure, enclosure or premises whereupon, or within which, 5 or more guard, or sentry dogs are kept or maintained. A sentry dog is any dog trained to work without supervision in a fenced facility and to deter or detain unauthorized persons found within the facility.…
Market overview
Demographics & Economy
Menifee, CA has 151,202 residents in 53,740 households. Density runs 1,284 people per square mile. Median household income here is $102,806 and median gross rent $2,229 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Wildomar | $276 | — |
| Perris | $356 | — |
| Murrieta | $316 | — |
Commercial property in Menifee, CA asks $417/SF. The 3 bordering markets run from $276/SF in Wildomar to $356/SF in Perris, and the city sits above their $316/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Menifee?
How does Menifee compare to nearby markets on price?
Where does Realmo's Menifee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 19 active for-lease listings in Menifee, CA. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- Zoning and land use
- The current municipal zoning release: 27,672 zoned acres across 50 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 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
