The typical asking rate per listing is in the $20's per square foot per year. The The Promenade in Temecula submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Promenade in Temecula region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 2004 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants of The Promenade in Temecula work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.