2020 Office Space Rent & Sales
- $33.09 2020 Avg. Asking Rent
- 1.88% Y-o-Y Avg. Asking Rent Change
- 17.62% 2020 Office Vacancy Rate
- $120.7M2020 Total Office Sales
- $263.29Avg. Sale Price/SF
Carlsbad office price per square foot in 2020 was $33.09 on average. This marked a +1.88% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.62% across all asset classes combined. The 6 transactions that closed here throughout 2020 amounted to a total sale volume of $120.7M. Carlsbad office space commanded an average sale price per square foot of $263.29.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Carlsbad Class A Office Space$35.22
- Carlsbad Class B Office Space$31.13
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Carlsbad, CA Office Asking Rents by Class
Carlsbad Office Sale Price per SF
- $263.292020 Avg. Price per SF
- 24.83%Y-o-Y Avg. PpSF Change
- $120.7M2020 Office Sales Volume
- 62020 Number of Transactions
Carlsbad, CA Sale Price per SF Trend
- Carlsbad Avg. Sale Price per SF in 2020$263.29
- California Avg. Sale Price per SF in 2020$432.41
2020 Office Sales Volume
- Carlsbad, CA Total Office Sales Volume in 2020 $120.7M
- Carlsbad, CA Total Number of Office Sales Closed in 2020 6
Largest Carlsbad Office Sales in 2020
| Property name | Address | Date | Price |
|---|---|---|---|
| Cornerstone Corporate Centre | 1900 Wright Place | 3/5/2020 | $34,200,000 |
| Ocean Ridge | 5796 Armada Drive | 6/9/2020 | $28,250,000 |
| Carlsbad Scripps Coastal Medical Center | 2176 Salk Avenue | 7/23/2020 | $24,750,000 |
| La Place Court | 5900 La Place Court | 2/12/2020 | $15,775,000 |
| Carlsbad Research Center - 1900 Aston Avenue | 1900 Aston Avenue | 7/23/2020 | $11,569,000 |
2020 Office Construction in Carlsbad, CA
- Carlsbad, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Carlsbad office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| ViaSat Campus - Building 14 | 2426 Town Garden Road, 92009 | 100,000 | 2019 |
| ViaSat Campus - Building 15 | 2436 Town Garden Road, 92009 | 77,000 | 2019 |
| Lift | 6023 Innovation Way, 92009 | 44,794 | 2019 |
| ViaSat Campus - Building 12 | 2511 Gateway Road, 92009 | 100,000 | 2018 |
| ViaSat Campus - Building 13 | 2511 Gateway Road, 92009 | 90,000 | 2018 |
| 1800 Aston Avenue | 1800 Aston Avenue, 92008 | 48,954 | 2018 |
| Ocean Point | 5411 Avenida Encinas, 92008 | 86,432 | 2016 |
| ViaSat Campus - Building 11 | 2508 Gateway Road, 92009 | 67,400 | 2016 |
| ViaSat Campus - Building 10 | 2502 Gateway Road, 92009 | 77,400 | 2015 |
| Gazelle Court | 2855 Gazelle Court, 92010 | 176,000 | 2011 |
Worth noting among recent office completions on the Carlsbad market is ViaSat Campus - Building 14, which is currently the largest new office development in the city, at 100,000 square feet.
See reports for nearby 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.