Brea Office Market Trends

Office Rental Market

  • $30.09 2019 Avg. Asking Rent
  • 5.77 % 2019 Avg. Vacancy Rate
  • 38,313 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Brea was $30.09 per square foot, and the office vacancy rate across the market averaged 5.77 %. During 2019, developers added 38,313 square feet of new office space to the Brea market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Brea Class A Office Buildings$30.51
  • Brea Class B Office Buildings$29.62
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Brea, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Brea, CA

  • Brea, CA Total Sqft completed in 2019 38,313
  • Brea, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Brea
Building name Address Total Sqft Year built
Bank of America Campus 275 Valencia Avenue, 92823 637,503 1983
Olen Pointe Brea II 10 Pointe Drive, 92821 280,203 2000
Olen Pointe Brea I 1 Pointe Drive, 92821 206,539 1989
1698 Greenbriar Lane 1698 Greenbriar Lane, 92821 164,914 1976
Brea Place - 135 South State College Blvd 135 South State College Blvd, 92821 163,857 1987
Brea Place 145 South State College Boulevard, 92621 162,779 1987
Fairway Center II 675 Placentia Avenue, 92821 133,943 2002
Olen Pointe Brea Office Park - Six Pointe Drive 6 Pointe Drive, 92821 131,687 2006
Olen Pointe Brea III 6 Pointe Drive, 92821 131,687 2006
Olen Pointe Brea Office Park - One Pointe Drive 1 Pointe Drive, 92821 130,000 1989
Largest Office Properties Recently Completed in Brea
Office building Address Sqft Completed
Brea Medical Center 380 West Central Avenue, 92821 38,313 2019
ECCU IV 915 West Imperial Hwy, 92821 82,150 2007
Olen Pointe Brea Office Park - Six Pointe Drive 6 Pointe Drive, 92821 131,687 2006
ECCU III 975 West Imperial Hwy, 92821 82,150 2004
Kaiser Permanente Brea Medical Offices 1900 East Lambert Road, 92821 30,043 2003
Fairway Center II 675 Placentia Avenue, 92821 133,943 2002
ECCU I 955 West Imperial Hwy, 92821 101,990 2002
Olen Pointe Brea Office Park - Ten Pointe Drive 10 Pointe Drive, 92821 80,157 2000
Brea Corporate Park - 3010 & 3050 Saturn Street 3010 Saturn Street, 92821 52,937 1999
Olen Pointe Brea Office Park - Fifty Pointe Drive 50 Pointe Drive, 92821 129,924 1998
Data provided by Commercial Edge

Office Spaces for Rent in California

BREA OFFICE SALES TRENDS

  • $291.232019 Avg. Price per Sqft
  • 53.60 %Y-o-Y Avg. PpSF Change
  • $102.2M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Brea averaged $291.23 per square foot. This marked a 53.60 % increase in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Brea office market in 2019, amounting to a total sales volume of $102.2M.

Average Office Sale Price per Sqft

Brea, CA Sales Trends

  • Brea Price per Sqft$291.23
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Brea, CA Total Office Sales Volume in 2019 $102.2M
  • Brea, CA Total Number of Office Sales Closed in 2019 4

Largest Brea Office Sales in 2019

Property name Address Date Price
Brea Imperial Center II 2767 East Imperial Hwy 6/28/2019 $37,700,000
Fairway Center I 1800 East Imperial Hwy 4/18/2019 $33,500,000
Brea Place - 130 South State College Blvd 130 South State College Blvd 9/27/2019 $17,000,000
Birch Corporate Center 3350 East Birch Street 1/22/2019 $14,000,000
Data provided by Commercial Edge

See trends for nearby markets

The Brea office market contains an inventory of 4,038,836 square feet of office space, in 46 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Brea commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.