San Luis Obispo, CA Commercial Real Estate for Lease - 51 Listings

Class A Professional Office Suite Downtown San Luis Obispo

1026 Chorro Street Suite 225/245 San Luis Obispo, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

2 Spaces

2,511 SF
For Lease Contact for pricing
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Bishop Medical Center

1551 Bishop Street, Johnson, San Luis Obispo, CA
Property

Office

33,289 SF
Availability

1 Space

3,065 SF
Year Built

1987
For Lease

$2.50/SF/MO
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Aerovista Business Park

865 Aerovista Pl, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Office

5,972 SF
Availability

1 Space

798 SF
Year Built

2008
For Lease

$1.95/SF/YR
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Railroad Square Business Park

1880 Santa Barbara Ave, Mitchell Park, San Luis Obispo, CA
Property

Office

3,769 SF
Availability

1 Space

3,769 SF
Year Built

1912
For Lease

$2.15/SF/MO
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Creamery Marketplace

570 Higuera Street, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Retail

1,409 SF
Availability

1 Space

1,409 SF
For Lease

$3.60/SF/MO
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Aerovista Business Park

895 Aerovista Place, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Office

31,525 SF
Availability

1 Space

6,500 SF
For Lease

$1.75/SF/MO
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First Class Downtown Modern Office

369 Marsh St, Downtown South San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

1,000 SF
For Lease Contact for pricing
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Class A Medical Office Space Located on Sierra Vista Regional Medical Campus (Tenet Health)

35 Casa St, Santa Rosa Park, San Luis Obispo, CA
Property

Other
Availability

1 Space

2,073 SF
For Lease Contact for pricing
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Premier, High-Identity Space in San Luis Obispo County's #1 Most Visited Retail Center

1511 Froom Ranch Way San Luis Obispo, Laguna Lakes Mobile Estates, San Luis Obispo, CA
Property

Office
Availability

1 Space

1,043 SF
Year Built

2006
For Lease Contact for pricing
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Class A Professional Office Suite +/- 5,870 SF

1080 Court St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

5,870 SF
For Lease Contact for pricing
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Downtown San Luis Obispo Professional Office Suite

1065 Higuera St Ste 301, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

1,100 SF
For Lease Contact for pricing
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Premium Office Suite - Newly Renovated

225 Prado Road Suite G, South Higuera, San Luis Obispo, CA
Property

Office
Availability

2 Spaces

4,120 SF
For Lease Contact for pricing
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First Class Downtown Office Building with Parking

994 Mill St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

5,174 SF
For Lease Contact for pricing
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4251 South Higuera Street
San Luis Business Center
4251 South Higuera Street #501 & 800, San Luis Obispo, CA
Services

Meeting Room

Private Office
Amenities

Accessible

Break room

Cleaning services

Complimentary coffee & tea

Directory listing

Free water

Heating & A/C

High-speed internet

Kitchen

Mail services
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3592 Broad Street

3592 Broad Street, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Retail

656 SF
Availability

1 Space

656 SF
For Lease

$1,750.00/MO
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142 Cross St

142 Cross St, South Higuera, San Luis Obispo, CA
Property

Retail

4,359 SF
Availability

1 Space

4,359 SF
For Lease

$1.58/SF/MO
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Large retail space in the Heart of Downtown San Luis Obispo

876 Higuera St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Retail
Availability

1 Space

26,350 SF
For Lease Contact for pricing
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848 Higuera Street

848 Higuera St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Retail

1,150 SF
Availability

1 Space

1,150 SF
For Lease

$3.50/SF/MO
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1575 Calle Joaquin

1575 Calle Joaquin, South Higuera, San Luis Obispo, CA
Property

Retail

5,940 SF
Availability

1 Space

5,940 SF
For Lease

$2.15/SF/MO
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Retail Space Located Between Target and Dick’s Sporting Goods

11982 Los Osos Valley Road, Laguna Lake, San Luis Obispo, CA
Property

Retail
Availability

1 Space

1,008 SF
For Lease Contact for pricing
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3991 S Higuera Street

3991 S Higuera St, South Higuera, San Luis Obispo, CA
Property

Retail

4,500 SF
Availability

1 Space

4,500 SF
For Lease Contact for pricing
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1035 Peach Street

1035 Peach St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office

4,684 SF
Availability

2 Spaces

2,446 SF
Year Built

1986
For Lease

$1.65/SF/MO
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851 Higuera Street

851 Higuera Street, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Retail

2,565 SF
Availability

1 Space

2,565 SF
For Lease

$3.90/SF/MO
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Warehouse/Showroom Space in South San Luis Obispo

3566 S Higuera St, South Higuera, San Luis Obispo, CA
Property

Other
Availability

1 Space

5,100 SF
For Lease Contact for pricing
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The Summit

790 Foothill Blvd, Apartments Across from CP, San Luis Obispo, CA
Property

Retail

6,758 SF
Availability

1 Space

938 SF
Year Built

2022
For Lease

$3.25/SF/MO
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3426 Empresa Drive

3426 Empresa Drive, South Higuera, San Luis Obispo, CA
Property

Office

5,611 SF
Availability

2 Spaces

5,611 SF
For Lease

$1.45/SF/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The San Luis Obispo commercial real estate market incorporates 246,875 square feet of office space across 31 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The San Luis Obispo commercial real estate market includes 385,602 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the San Luis Obispo market, there is a total of 8,616 square feet of industrial property.

The listing inventory in San Luis Obispo incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in San Luis Obispo is represented by Office space, which accounts for 140,224 square feet of available listings. Retail space available in San Luis Obispo adds up to 137,355 square feet.

Meanwhile, most of the listings of commercial property for sale in San Luis Obispo are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in San Luis Obispo is $29.58 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in San Luis Obispo can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in San Luis Obispo, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in San Luis Obispo is in the Downtown San Luis Obispo neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown San Luis Obispo area.

Meanwhile, retail space opportunities are most abundant in the Anholm submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Edge of San Luis Obispo.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $39 per square foot. In particular, the property type commanding the highest lease rates in San Luis Obispo was Retail space.

Conversely, the highest sale price last year was $16,800,000 that is located at 4800 Morabito Place.

The average size of a commercial property in San Luis Obispo depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In San Luis Obispo, the average size of an office property is 13,716 square feet.
Retail properties here incorporate an average of 25,707 square feet.
Industrial space in San Luis Obispo is in buildings that are, on average 8,616 square feet in size.

San Luis Obispo, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in San Luis Obispo currently add up to 594,480 square feet. The market offers 28 active office listing(s), which amount to 140,224 square feet and account for 53% of commercial spaces on the market. Local retail availability includes 137,355 square feet across 17 retail space(s). Industrial space for rent opportunities in San Luis Obispo amount to 14,416 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	28	140,224
Retail	17	137,355
Industrial	5	14,416
Other	2	302,485

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in San Luis Obispo, CA. Currently, there is 68,662 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	3	19,369
Retail	2	6,596
Other	8	42,697

San Luis Obispo, CA Commercial Real Estate for Lease - 51 Listings

Class A Professional Office Suite Downtown San Luis Obispo

Bishop Medical Center

Aerovista Business Park

Railroad Square Business Park

Creamery Marketplace

Aerovista Business Park

First Class Downtown Modern Office

Class A Medical Office Space Located on Sierra Vista Regional Medical Campus (Tenet Health)

Premier, High-Identity Space in San Luis Obispo County's #1 Most Visited Retail Center

Class A Professional Office Suite +/- 5,870 SF

Downtown San Luis Obispo Professional Office Suite

Premium Office Suite - Newly Renovated

First Class Downtown Office Building with Parking

4251 South Higuera Street

3592 Broad Street

142 Cross St

Large retail space in the Heart of Downtown San Luis Obispo

848 Higuera Street

1575 Calle Joaquin

Retail Space Located Between Target and Dick’s Sporting Goods

3991 S Higuera Street

1035 Peach Street

851 Higuera Street

Warehouse/Showroom Space in South San Luis Obispo

The Summit

3426 Empresa Drive

Frequently Asked Questions

San Luis Obispo, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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San Luis Obispo, CA Commercial Real Estate for Lease - 51 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in San Luis Obispo, CA?

What factors affect the price of commercial real estate in San Luis Obispo, CA?

What is the average rent for commercial space in San Luis Obispo, CA?

What are the best areas for commercial real estate in San Luis Obispo, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in San Luis Obispo, CA?

San Luis Obispo, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us