Monterey, CA
Commercial Real Estate Market Trends & Data

$428 Avg asking sale price
$35 Avg asking lease rate
5,160 SF Avg unit lease size
14,780 SF Avg building size for sale
6.40% Average cap rate

Monterey's Demographic Profile

Monterey has 12,997 households and a median income of $92,198, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 31,671
# Households 12,997
Median age 39
Median household income $92,198
Avg household size 2.0
Renter-occupied housing units 8,586
5-year population change +1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Monterey $407 18,741 SF 6.75%
Sand City $289 7,235 SF 2.60%
Pacific Grove $426 21,469 SF 6.66%
Pebble Beach $303 21,469 SF 6.66%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Monterey $337 17,818 SF 6.75%
Sand City $289 7,235 SF 2.60%
Nearby Retail Markets Avg Cost/SF Typical Size
Monterey $409 11,563 SF
Sand City $663 4,860 SF
Seaside $496 7,724 SF
Pacific Grove $367 6,996 SF
Pebble Beach $367 7,939 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Salinas $439 15,465 SF 6.00%
Pajaro $365 17,110 SF 6.72%

Commercial Properties For Sale in Monterey

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

High-Visibility Automotive Property For Sale

Seaside, CA 93955

  • 4,100 SF Retail Building
  • $1,200,000
For Sale

Owner/User Medical Office Building

Monterey, CA 93940

  • 980 SF Office Building
  • $850,000
For Sale

Bain Building

Pacific Grove, CA 93950

  • 5,590 SF Retail Building
  • 2.70% Cap Rate
  • $2,150,000
For Sale

Red Roof Inn & Suites Monterey

Monterey, CA 93940

  • 28,048 SF Hospitality
  • $11,999,000
For Sale

Multi-Parcel Commercial Opportunity

Monterey, CA 93940

  • 40,720 SF Retail Building
  • $11,490,000
For Sale

30 Garden Ct

Monterey, CA 93940

  • 17,756 SF Office Building
  • $7,250,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Monterey $428 14,780 SF
Sand City $589 5,693 SF
Seaside $468 18,799 SF
Pacific Grove $461 7,809 SF
Pebble Beach $361 9,572 SF

Regional Demographic Comparison

This comparison places Monterey 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 Monterey or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Monterey 31,671 12,997 39 $92,198 2 8,586 1%
Sand City 453 161 40 $44,642 3 112 -1%
Pacific Grove 16,972 7,601 50 $99,096 2 4,000 2%
Pebble Beach 5,546 2,319 61 $135,108 2 367 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Monterey, 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 Monterey

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

Monterey 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 Monterey?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Monterey. 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 Monterey?

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

How does Monterey compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Monterey. 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 Monterey acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Monterey, 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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