Since I arrived in the late 1980’s, every local City has stated that one of their key goals is to create more and higher quality local jobs. For decades, too many of our local residents have been forced to venture out in the pre-dawn hours to fight the traffic up and down the I-15 as […]
Charley Black is a Senior Vice President and co-founder of Temecula Valley’s Lee & Associates Commercial Real Estate office, specializing in industrial, land and investment properties since 1988. Lee & Associates is a full service commercial brokerage offering industrial, office, retail, land and investment expertise.
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Here are some interesting facts about Temecula Valley’s industrial market: Since 2012, among buildings between 5,000 to 50,000 sq. ft. (the majority of TV’s industrial market): Average asking lease rates increased 69% (from $.52 psf to $.88 psf) and average asking sale prices increased 102% (from $84 psf to $170 psf). Given these jaw-dropping increases, […]