Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.
Median Size (sqft)
Cathedral City Office & Commercial Space
Located in Riverside County within the state of California, the city of Cathedral City currently hosts a residential population of approximately 53,000 inhabitants. One of several cities located within the popular Coachella Valley, Cathedral City is ranked second largest in terms of overall population levels in the area, trailing behind Indio. For business owners, this advantageous positioning and large population size help ensure that any and all enterprises undertaken here are capable of being supported by the general public at large. Rental properties for lease in Cathedral City, including office space for rent and commercial space for rent, can be found throughout the numerous neighborhood areas found with the city and region as a whole.
Cathedral City Economic Overview
Featuring household earnings slightly below state averages, Cathedral City is commonly considered to be comprised of a middle-class / lower-middle class demographic group. Some of the more common occupations found here include positions in industries such as administrative support, retail trade, hospitality, accommodation and construction, among others. Unemployment levels in Cathedral City have remained slightly above state averages in recent years. It is important to view this from a national perspective however, as California is already well above state averages regarding this particular issue. In 2010, studies showed that roughly 20% of the local population of Cathedral City was currently living below the poverty line, a fact which further reinforces the fact that the economy of California has yet to fully recover from the recession.
Cathedral City At A Glance
The history of Cathedral City is largely linked to the development of tourist infrastructure in trade surrounding the nearby Palm Springs area. As the Coachella Valley continued to flourish and prosper, satellite communities of Palm Springs, such as Cathedral City, developed in tandem with this larger resort town. Cathedral City traces the origins of its name back to “Cathedral Canyon”, a popular rock formation located to the south of the city. For tourists, Cathedral City has gained national renown for its acclaimed collection of golf courses.
Where To Lease in Cathedral City
Those hoping to take full advantage of the sustained tourism trade in Cathedral City are advised to establish their businesses in the downtown region of the city, as this is likely to be the first location that many travelers stop at before exploring the periphery of the town.