On average, listings lease in the $10's per square foot per year. The Menifee submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 50% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Menifee submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 10,320 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region were built in 2009 and are Class B.