Carlsbad Office Market Trends

Office Rental Market

  • $32.48 2019 Avg. Asking Rent
  • 15.62 % 2019 Avg. Vacancy Rate
  • 213,298 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Carlsbad was $32.48 per square foot, and the office vacancy rate across the market averaged 15.62 %. During 2019, developers added 213,298 square feet of new office space to the Carlsbad 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

  • Carlsbad Class A Office Buildings$34.52
  • Carlsbad Class B Office Buildings$31.09
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Carlsbad, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Carlsbad, CA

  • Carlsbad, CA Total Sqft completed in 2019 213,298
  • Carlsbad, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Carlsbad
Building name Address Total Sqft Year built
Studio 2200 2200 Faraday Avenue, 92008 228,138 1995
Space Craft 2051 Palomar Airport Rd., 92011 208,904 1982
MAKE 5600 Avenida Encinas, 92008 176,097 2015
ViaSat Campus - Buildings 6.5 & 8 6197 El Camino Real, 92009 139,113 2000
Atlas at Carlsbad - Beta 5919 Sea Otter Pl., 92010 138,019 2016
Pacific Ridge Corporate Centre 5780 Fleet Street, 92008 121,380 1999
Research Center Pointe 2210 Faraday Avenue, 92008 119,561 2005
Rutherford Corporate Center 5925 Priestly Drive, 92008 114,000 1992
Carlsbad Research Center - 2300-2330 Faraday Avenue 2300 Faraday Avenue, 92008 106,000 1990
Palomar Terrace 3115 S. Melrose Dr., 92010 103,547 2007
Largest Office Properties Recently Completed in Carlsbad
Office building Address Sqft 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
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
ViaSat Campus - Building 7 2530 Campbell Place, 92009 41,516 2009
Ocean Collection 2510 Gateway Road, 92009 50,498 2008
Data provided by Commercial Edge

Office Spaces for Rent in California

CARLSBAD OFFICE SALES TRENDS

  • $213.462019 Avg. Price per Sqft
  • -11.42 %Y-o-Y Avg. PpSF Change
  • $110.4M2019 Office Sales Volume
  • 82019 Number of Transactions

In 2019, office sales in Carlsbad averaged $213.46 per square foot. This marked a -11.42 % decrease in office price per square foot, compared to the previous year. A total of 8 office sales closed on the Carlsbad office market in 2019, amounting to a total sales volume of $110.4M.

Average Office Sale Price per Sqft

Carlsbad, CA Sales Trends

  • Carlsbad Price per Sqft$213.46
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Carlsbad, CA Total Office Sales Volume in 2019 $110.4M
  • Carlsbad, CA Total Number of Office Sales Closed in 2019 8

Largest Carlsbad Office Sales in 2019

Property name Address Date Price
Element 2232 Rutherford Road 11/13/2019 $23,100,000
Carlsbad Corporate Center 1950 Camino Vida Roble 6/21/2019 $20,200,000
Global Carlsbad 2888 Loker Avenue East 3/26/2019 $17,632,730
Carlsbad Airport Plaza 5963 La Place Court 1/18/2019 $14,000,000
Carlsbad Research Center - 1905 Aston Avenue 1905 Aston Avenue 3/1/2019 $12,400,000
Data provided by Commercial Edge

See trends for nearby markets

The Carlsbad office market contains an inventory of 8,266,585 square feet of office space, in 186 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 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.