Moreno Valley Industrial Space and Property Rental Market
Moreno Valley is a city in Riverside County part of the Inland Empire area in California. This city has a total of 28,015,839 square feet of existing inventory with 2,567,627 square feet of available property for lease. The Inland Empire has a strong position and demand in the industrial real estate market with a vacancy rate of 4.55%. Moreno Valley has an 8.77% vacancy rate. The Inland Empire area is highly in-demand in the industrial market due to low lease rates with an average of $0.73 per square feet. Closest cities in Moreno Valley are Riverside, Grand Terrace, Loma Linda, Redlands, and Perris with average lease rates from $0.55 to $0.74 per square feet.