Chula Vista Office Market Trends

Office Rental Market

  • $36.74 2019 Avg. Asking Rent
  • 12.65 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Chula Vista was $36.74 per square foot, and the office vacancy rate across the market averaged 12.65 %. During 2019, developers added 0 square feet of new office space to the Chula Vista 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

  • Chula Vista Class A Office Buildings$36.53
  • Chula Vista Class B Office Buildings$37.15
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Chula Vista, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Chula Vista, CA

  • Chula Vista, CA Total Sqft completed in 2019 0
  • Chula Vista, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Chula Vista
Building name Address Total Sqft Year built
850 Lagoon Drive 850 Lagoon Drive, 91910 253,344 1992
Venture Commerce Center - EastLake 870 Jetty Lane, 91914 192,900 2006
Gateway Chula Vista II 333 H Street, 91910 131,760 2005
The Plaza at Eastlake 2300 Boswell Road, 91914 130,324 1992
Marina Gateway - 780 Bay Blvd 780 Bay Blvd, 91910 104,683 1985
Gateway Chula Vista I 303 H Street, 91910 100,320 2003
2420 Fenton Street 2420 Fenton Street, 91914 85,920 2003
Otay Lakes Medical & Dental Center 2440 Fenton Street, 91914 80,000 2008
690 Oxford Street 690 Oxford Street, 91911 80,000 1999
Centre Medical Plaza 855 3rd Avenue, 91911 74,900 1976
Largest Office Properties Recently Completed in Chula Vista
Office building Address Sqft Completed
Douglas & Nancy Barnhart Cancer Center 769 Medical Center Court, 91911 45,000 2012
Otay Lakes Medical & Dental Center 2440 Fenton Street, 91914 80,000 2008
Eastlake Medical & Professional Center 2090 Otay Lakes Road, 91915 67,903 2007
Venture Commerce Center - EastLake 870 Jetty Lane, 91914 192,900 2006
Doctors Park at Eastlake 971 Lane Avenue, 91914 72,500 2006
Village Walk Medical Arts Center 890 Eastlake Pkwy, 91914 45,000 2006
Eastlake Business Center 910 Hale Place, 91914 34,058 2006
Gateway Chula Vista II 333 H Street, 91910 131,760 2005
Fenton Business Center 871 Harold Place, 91914 43,395 2005
830 Bay Blvd 830 Bay Blvd, 91911 30,046 2005
Data provided by Commercial Edge

Office Spaces for Rent in California

CHULA VISTA OFFICE SALES TRENDS

  • $290.072019 Avg. Price per Sqft
  • 11.77 %Y-o-Y Avg. PpSF Change
  • $49.6M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Chula Vista averaged $290.07 per square foot. This marked a 11.77 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Chula Vista office market in 2019, amounting to a total sales volume of $49.6M.

Average Office Sale Price per Sqft

Chula Vista, CA Sales Trends

  • Chula Vista Price per Sqft$290.07
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Chula Vista, CA Total Office Sales Volume in 2019 $49.6M
  • Chula Vista, CA Total Number of Office Sales Closed in 2019 3

Largest Chula Vista Office Sales in 2019

Property name Address Date Price
2411 Boswell Road 2411 Boswell Road 5/14/2019 $20,200,000
Chula Vista Medical Arts I 480 4th Avenue 5/10/2019 $18,926,000
Bonita View Plaza 690 Otay Lakes Road 4/30/2019 $5,315,000
Chula Vista Medical Arts II 450 4th Avenue 5/10/2019 $5,130,000
Data provided by Commercial Edge

See trends for nearby markets

The Chula Vista office market contains an inventory of 2,268,244 square feet of office space, in 68 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 Chula Vista 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.