Carlsbad Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $31.55 2024 Avg. Asking Rent
  • 19.41% 2024 Office Vacancy Rate
  • $65.5M2024 Total Office Sales
  • $205.27Avg. Sale Price/SF

Carlsbad office price per square foot in 2024 was $31.55 on average. The local office market recorded an average vacancy rate of 19.41% across all asset classes combined. The 3 transactions that closed here throughout 2024 amounted to a total sale volume of $65.5M. Carlsbad office space commanded an average sale price per square foot of $205.27.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Carlsbad Class A & A+ Office Space$35.07
  • Carlsbad Class B Office Space$27.39
  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

Carlsbad, CA Office Asking Rents by Class

Office Spaces for Rent in California

Carlsbad Office Sale Price per SF

  • $205.272024 Avg. Price per SF
  • -31.35%Y-o-Y Avg. PpSF Change
  • $65.5M2024 Office Sales Volume
  • 32024 Number of Transactions

Carlsbad, CA Sale Price per SF Trend

  • Carlsbad Avg. Sale Price per SF in 2024$205.27
  • California Avg. Sale Price per SF in 2024$249.15
Carlsbad office space cost in 2024 marked a -31.35% change compared to the previous year. The sale price for office space in Carlsbad averaged $205.27 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $249.15 per square foot.

2024 Office Sales Volume

  • Carlsbad, CA Total Office Sales Volume in 2024 $65.5M
  • Carlsbad, CA Total Number of Office Sales Closed in 2024 3
A total of 3 deals closed on the Carlsbad office market in 2024, adding up to a yearly sales volume of $65.5M. Notably, the largest transaction on the market saw Studio 2200 change hands for $49,500,000 on 12/3/2024.
Data provided by Commercial Edge

Coworking Spaces in California

2024 Office Construction in Carlsbad, CA

  • Carlsbad, CA Total SF under construction in 2025 164,833
Largest Office Properties Recently Completed in Carlsbad
Office building Address SF Completed
Palomar Crest Corporate Center 2701 Loker Ave. W., 92010 81,810 2017
Atlas at Carlsbad - Beta 5919 Sea Otter Pl., 92010 138,019 2016
Atlas at Carlsbad - Alpha 5909 Sea Otter Pl., 92010 93,773 2016
ViaSat at Bressi Ranch - Lots 1-9 2508 Gateway Rd., 92009 65,700 2016
ViaSat at Bressi Ranch - Bldg. 10 2502 Gateway Rd., 92009 77,400 2015
Ventana - 2175 Salk Avenue 2175 Salk Avenue, 92008 79,287 2010
Palomar Forum Business Park 3132 Tiger Run Court, 92010 275,000 2008
Global Carlsbad 2888 Loker Avenue East, 92010 80,659 2008
Ocean Collection 2510 Gateway Road, 92009 50,498 2008
Palomar Terrace 3115 Melrose Dr., 92010 103,547 2007

Worth noting among recent office completions on the Carlsbad market is Palomar Crest Corporate Center, which is currently the largest new office development in the city, at 81,810 square feet.

Data provided by Commercial Edge

See reports for other markets

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Carlsbad 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.