Covina, CA
Commercial Real Estate Market Trends & Data

$358 Avg asking sale price
$24 Avg asking lease rate
6,301 SF Avg unit lease size
17,934 SF Avg building size for sale
5.38% Average cap rate

Covina's Demographic Profile

Covina has 15,805 households and a median income of $86,739, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 48,511
# Households 15,805
Median age 40
Median household income $86,739
Avg household size 3.0
Renter-occupied housing units 6,957
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Covina, CA

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Covina $419 13,826 SF 6.72%
West Covina $462 13,197 SF 6.97%
Azusa $263 16,690 SF 6.25%
Baldwin Park $454 11,202 SF 6.97%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Covina $380 19,411 SF 6.25%
West Covina $397 29,113 SF 6.01%
Azusa $298 18,908 SF 6.25%
San Dimas $315 15,694 SF 6.00%
Baldwin Park $367 19,837 SF 6.01%
Nearby Retail Markets Avg Cost/SF Typical Size
Covina $389 11,518 SF
West Covina $474 16,294 SF
Azusa $357 10,385 SF
San Dimas $275 53,178 SF
Baldwin Park $588 18,426 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Covina $286 18,059 SF 5.92%
West Covina $287 32,313 SF 5.92%
Azusa $539 22,412 SF 5.74%
San Dimas $282 9,470 SF 4.05%
Baldwin Park $370 16,919 SF 6.53%

Commercial Properties For Sale in Covina

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Valencia1175

Glendora, CA 91740

  • 0.24 AC Lot
  • 1 Commercial Lot
  • $1,395,000
For Sale

Hanich Building

Covina, CA 91722

  • 2,538 SF Office Building
  • $1,850,000
For Sale

451 Front St

Covina, CA 91723

  • 15,792 SF Industrial Building
  • $3,295,000
For Sale

1717 S Grand Ave

Glendora, CA 91740

  • 0.79 AC Lot
  • 1 Commercial Lot
  • $3,499,999
For Sale

1227 E Grovecenter St

West Covina, CA 91790

  • 2,335 SF Specialty
  • $1,230,000
For Sale

Becrich Building

Covina, CA 91723

  • 27,038 SF Office Building
  • 6.72% Cap Rate
  • $6,888,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
What Is a Triple-Net Lease? A Guide for CRE Investors
What Is a Triple-Net Lease? A Guide for CRE Investors
A breakdown of how triple-net leases divide costs between landlords and tenants, along with the tax implications and risks investors should weigh before signing.
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Common Area Maintenance Charges (CAM)
Common Area Maintenance Charges (CAM)
Understand CAM Fees: How Tenants Share Building Operating Costs
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites
Tenant Improvement Allowance (TIA)
Tenant Improvement Allowance (TIA)
What Is a Tenant Improvement Allowance in Commercial Real Estate?

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Covina pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Covina $358 17,934 SF
West Covina $416 25,571 SF
Azusa $351 17,686 SF
San Dimas $305 24,039 SF
Baldwin Park $392 19,172 SF

Regional Demographic Comparison

This comparison places Covina alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Covina or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Covina 48,511 15,805 40 $86,739 3 6,957 -4%
West Covina 102,482 31,052 40 $94,001 3 12,318 -4%
Azusa 49,432 14,608 37 $79,060 3 6,610 -2%
San Dimas 32,648 11,535 44 $104,038 3 3,396 -4%
Baldwin Park 67,455 16,529 38 $75,196 4 6,791 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Covina, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Covina

View All Commercial Real Estate For Sale in Covina
Is Covina a good market for a first-time commercial real estate investor?

Covina offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Covina?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Covina. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Covina?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Covina. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Covina compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Covina. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Covina acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Covina, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends