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Carlsbad Office Rent Price & Sales Report

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
Carlsbad office space cost in 2020 marked a +24.83% change compared to the previous year. The sale price for office space in Carlsbad averaged $263.29 per square foot in 2020, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $432.41 per square foot.

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
A total of 6 deals closed on the Carlsbad office market in 2020, adding up to a yearly sales volume of $120.7M. Notably, the largest transaction on the market saw Cornerstone Corporate Centre change hands for $34,200,000 on 3/5/2020.

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
Data provided by Commercial Edge

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.

Largest Office Properties Recently Completed in Carlsbad
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.

Data provided by Commercial Edge

See reports for nearby markets

  • San Diego Office Rent Price
  • Irvine Office Rent Price
  • Newport Beach Office Rent Price
  • Temecula Office Rent Price
  • La Jolla Office Rent Price
  • Chula Vista Office Rent Price
  • Lake Forest Office Rent Price
  • Aliso Viejo Office Rent Price

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.

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