Covina Industrial Space & Warehouse Rental Market
Covina is a city in the San Gabriel Valley close to El Monte, Industry, Azusa, Walnut, and Diamond Bar. The industrial space market in this area is a total of 3.1 million square feet of inventory with about 53K square feet of available rent. The vacancy rate for commercial space is slim, which is reported to be 2.33%. This means that in every 100 industrial spaces, there will be 2 industrial spaces available for sale or lease. Renting industrial space in Covina/West Covina is more expensive in San Gabriel Valley, and average lease rates are $1.09 per square feet. Affordable industrial properties near Covina are located in the cities of Irwindale, Baldwin Park, Pomona, and Azusa with average lease rates that range from $0.76 to $0.98.