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%
