Rancho Mirage Sublease

Rancho Mirage

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
24,380
As of: December 5, 2016

Rancho Mirage Office & Commercial Space

Situated within Riverside County in the state of California, the city of Rancho Mirage hosts a residential population of approximately 17,000 inhabitants. One of nine cities situated within the Coachella Valley, Rancho Mirage largely benefits from its advantageous positioning and has created a rather larger tourist infrastructure which hosts countless visitors each year. Rental properties for lease in Rancho Mirage, including office space for rent and commercial space for rent, can be found throughout the various neighborhood areas of the city. A variety of commercial enterprises, including retail businesses and office-based establishments, are located within Rancho Mirage.

Rancho Mirage Economic Overview

The median household income levels of Rancho Mirage are substantially higher than state averages. The vast majority of residents living within Rancho Mirage are classified within a solid middle-class income demographic. Some of the more popular occupations for residents of this city include positions within industries such as retail trade, health care, construction and real estate. Unemployment levels in Rancho Mirage are noticeably higher than state averages. Given the fact that unemployment levels in California are already noticeably higher than national averages, Rancho Mirage’s economy remains somewhat affected by the 2008 financial crisis. Recent studies have indicated that nearly 5% of the local population here currently lives below the poverty line.

Rancho Mirage At A Glance

Rancho Mirage first rose to prominence within the state of California in the post-World War II era. The area quickly became known for its vast collection of estates, many of which were used as summer homes by some of the country’s most wealthy and noted businessmen, politicians and celebrities. Although Rancho Mirage relied almost exclusively on tourism to power its economy for decades, the city has since developed a more extensive collection of light-industry enterprises, helping to further diversify and strengthen the health of the city at large. That being said, the various resorts located here remain some of the more popular destinations in the city throughout the year.

Where to Lease in Rancho Mirage

Given the fact that the actual landmass of Rancho Mirage remains somewhat small, business owners seeking rental properties for lease in the area are likely to find that available properties here may be somewhat limited. That being said, rental properties in the commercial districts of Rancho Mirage are guaranteed to provide valuable exposure and visibility.

Market Report

Trends and status of the commercial real estate market in Rancho Mirage.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Rancho Mirage.
Research

Rancho Mirage Submarkets