2020 Office Space Rent & Sales
- $27.54 2020 Avg. Asking Rent
- -0.42% Y-o-Y Avg. Asking Rent Change
- 7.31% 2020 Office Vacancy Rate
Cypress office price per square foot in 2020 was $27.54 on average. This marked a -0.42% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.31% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Cypress Class B Office Space$27.54
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Cypress, CA Office Asking Rents by Class
2020 Office Construction in Cypress, CA
- Cypress, 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 Cypress 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 |
|---|---|---|---|
| Warland Cypress Business Center - 10803 Hope Street | 10803 Hope Street, 90630 | 69,440 | 2001 |
| Warland Cypress Business Center - 6141 Katella Avenue | 6141 Katella Avenue, 90630 | 63,235 | 2001 |
| Warland Cypress Business Center - 6021 Katella Avenue | 6021 Katella Avenue, 90630 | 63,235 | 2001 |
| Warland Cypress Business Center - 6261 Katella Avenue | 6261 Katella Avenue, 90630 | 73,525 | 2000 |
| Warland Cypress Business Center - 6251 Katella Avenue | 6251 Katella Avenue, 90630 | 68,815 | 2000 |
| 5551 Katella Avenue | 5551 Katella Avenue, 90630 | 80,158 | 1998 |
| Warland Cypress Business Center - 5660 Katella Avenue | 5660 Katella Avenue, 90630 | 55,574 | 1998 |
| Cypress Corporate Campus - 5665 Plaza Drive | 5665 Plaza Drive, 90630 | 150,549 | 1991 |
| 5701 Katella Avenue | 5701 Katella Avenue, 90630 | 210,000 | 1989 |
| 6400 & 6450 Katella Avenue | 6400 Katella Avenue, 90630 | 330,000 | 1988 |
Worth noting among recent office completions on the Cypress market is Warland Cypress Business Center - 10803 Hope Street, which is currently the largest new office development in the city, at 69,440 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 Cypress 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.