Commercial Real Estate Market in Morro Bay, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
25 active listings and 752 off-market properties in Morro Bay, CA.
Market Trends
Morro Bay, CA spans 44.5 square miles in San Luis Obispo County, California. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Morro Bay, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Morro Bay, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Morro Bay, 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 San Luis Obispo County, multifamily space asks $730/SF to buy. Multifamily vacancy in Morro Bay, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Morro Bay, CA has 11,390 residents in 6,537 households. Density runs 256 people per square mile. Median household income here is $92,163 and median gross rent $1,815 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| San Luis Obispo | $395 | $19.20 |
| Atascadero | $224 | — |
Commercial property in Morro Bay, CA asks $500/SF. The 2 bordering markets run from $224/SF in Atascadero to $395/SF in San Luis Obispo, and the city sits above their $310/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Morro Bay?
How does Morro Bay compare to nearby markets on price?
Where does Realmo's Morro Bay market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 4 active for-lease listings in Morro Bay, CA. The sale median is based on 9 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.
- 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
