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1031 Exchange Commerce, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Commerce due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Commerce, California is a part of the E LA/Alhambra/Montebello/Pico Rivera Submarket submarket area.

Commerce Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Commerce, CA submarket area was $1,579, which is 33.36% lower than 2014 average rent. This represents a compounded annual growth rate of 5.93%. 2019 vacancy in Commerce, CA was 2.80%.

The total population of the city of Commerce, CA has decreased 0.12% since 2010. As of 2018, the population was 12,808. The median household income of the Commerce was $47,083, which is 21.91% lower than the national average.

  • submarket area E LA / Alhambra / Montebello / Pico Rivera Submarket
  • avg rent $1,579
  • rent growth 33.36%
  • vacancy 2.80%
  • median income $47,083
  • population (2018) 12,808
  • population growth -0.12%
  • vs. nat'l avg 21.91%

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