Commercial Real Estate Market in Rancho Mirage, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
27 active listings and 941 off-market properties in Rancho Mirage, CA. Commercial property asks $210/SF to buy and $23.40/SF/Yr to lease (based on 5 listings).
Market Trends
Rancho Mirage, CA spans 25.6 square miles in Riverside County, California. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Rancho Mirage, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Rancho Mirage, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Rancho Mirage, 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
Multifamily vacancy in Rancho Mirage, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Rancho Mirage, CA has 16,999 residents in 14,936 households. Density runs 663 people per square mile. Median household income here is $109,943 and median gross rent $1,575 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Cathedral City | $163 | $19.20 |
| Palm Desert | $253 | $18.00 |
Commercial property in Rancho Mirage, CA asks $210/SF. The 2 bordering markets run from $163/SF in Cathedral City to $253/SF in Palm Desert, and the city sits in line with their $208/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Rancho Mirage?
How much does it cost to lease commercial space in Rancho Mirage?
How does Rancho Mirage compare to nearby markets on price?
Where does Realmo's Rancho Mirage market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 11 active for-lease listings in Rancho Mirage, CA. The medians are based on 10 of the for-sale and 5 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
