For Sale
Covina, CA
Commercial Real Estate Market Trends & Data
$398
Avg asking sale price
$24
Avg asking lease rate
6,301 SF
Avg unit lease size
17,455 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 | $388 | 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.
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $398 | 17,455 SF |
| West Covina | $416 | 25,571 SF |
| Azusa | $384 | 17,281 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.
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