2020 Office Space Rent & Sales
- $28.63 2020 Avg. Asking Rent
- -1.74 % Y-o-Y Avg. Asking Rent Change
- 14.09 % 2020 Office Vacancy Rate
Clovis office price per square foot in 2020 was $28.63 on average. This marked a -1.74 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.09 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Clovis Class A Office Space$29.77
- Clovis Class B Office Space$26.56
- Clovis Class C Office Space$17.75
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Clovis, CA Office Asking Rents by Class
Average office rent in Clovis rested at $28.63 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Clovis averaged $29.77 per square foot. Across all submarkets, class B office space recorded an average asking rent of $26.56 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.75 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.
2020 Office Construction in Clovis, CA
|Clovis Community Medical Center - 782 North Medical Center Drive East||782 Medical Center Drive East, 93611||68,951||2017|
|377 & 395 West Spruce Avenue||377 West Spruce Avenue, 93611||72,806||2014|
|Clovis Community Medical Center - 726 & 729 Medical Center Drive West||729 Medical Center Drive West, 93611||90,863||2013|
|Clovis Community Medical Center - Corporate Office Building||789 Medical Center Drive East, 93611||32,804||2011|
|Meridian Professional Center||1615 Shaw Avenue, 93611||35,800||2007|
|Church & Flynn Building||451 Clovis Avenue, 93612||30,036||2006|
|755 North Peach Avenue||755 North Peach Avenue, 93611||34,830||2005|
|Kaiser Permanente Clovis Medical Offices||2071 Herndon Avenue, 93611||67,465||2003|
|90 West Ashlan Avenue||90 West Ashlan Avenue, 93612||40,498||2002|
|100 West Ashlan Avenue||100 West Ashlan Avenue, 93612||60,000||2000|
Worth noting among recent office completions on the Clovis market is Clovis Community Medical Center - 726 & 729 Medical Center Drive West, which is currently the largest new office development in the city, at 90,863 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 Clovis 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.