There are many reasons Menifee is one of the fastest-growing cities in California, and all of them spell success for companies that choose to call this vibrant, convenient, and dynamic young city their home. But there is one problem. With an office vacancy rate below 1% and anticipated high growth in the number of residents and businesses, office space development opportunities in Menifee are in HOT demand. According to the Rose Institute, Menifee ranks as the premier low-cost option for highly competitive businesses in Southern California.
Coined a “National Boomtown and Regional Economic Hub,” this award-winning city offers incoming companies value that similar-sized cities just can’t match. The need for office development has never been greater — or more timely.
The incoming Menifee Justice Center and its supporting businesses, combined with an increase in medical and other service-focused businesses, put office space in very high demand in Menifee. The city’s recently completed office demand study revealed that over 110,000 sq ft is in current demand for office space and that demand grows by 30,000 sq ft annually. As a result, Menifee has the highest office lease rates and largest demand for office space even during the COVID-19 pandemic, in Southwest Riverside County, which equates to a huge opportunity for office development.
Menifee’s business-friendly “One Stop Shop” on the first floor of City Hall is the home base for developers. Here, experts from all city departments are focused on simplifying and expediting the development process for customers who want to invest in the city. This year Menifee transformed into a “Zero Stop Shop” city where submittals, permits, and payments can all be submitted online from any location. Obtaining a business license and securing approvals for planning, building, public works, engineering, and fire permits are faster and more cost-efficient with the Streamline Menifee Initiative. Menifee’s personalized ombudsman services, along with its Office of Economic Development, make Menifee your BEST development move!