Even as the impacts of COVID-19 continue, the City of Moreno Valley saw strong commercial real estate development in 2020.
As restaurants adapted to takeout and delivery models, new cuisine options were added to Moreno Valley’s already expansive list of eateries, including:
- Alamilla’s Mexican Food
- BurgerIM
- Country Kitchen
- Crepes & Cravings
- Cupcakes & Espresso
- Fatburger
- Golden Corral
- La Michoacana
- Starbucks
- Winchell’s
- Wingstop
- Yogurt & Yogurt
- ZPizza & Tap Room
Retail stores modified hours and occupancy limits. Still, the City supported the opening of new establishments like:
- Mens Salon
- Shine A Nail
- Tractor Supply Company
- Tres Islas Seafood Market
- WSS Shoes
- Zen Pharmacy
During the first quarter of 2020, the Residence Inn by Marriott opened near Day Street and State Route 60. The Residence Inn joined the Fairfield Inn and Suites and the Holiday Inn Express, which opened in Moreno Valley in late 2019. Although hotel occupancy slowed during the first few months of the pandemic, by August 2020, hotel occupancy in Moreno Valley was at 84.6%. Moreno Valley’s hoteliers work in strong partnership with the many Fortune 500 and international corporate facilities, who need places for their traveling executives to stay.
Due to high demand for single and multi-family homes, as well as average household income levels surpassing $86,000, we expect this commercial growth to continue. New retail, restaurants and hospitality development is already in planning for 2021.