2020 Office Space Rent & Sales
- $29.48 2020 Avg. Asking Rent
- -0.89% Y-o-Y Avg. Asking Rent Change
- 3.41% 2020 Office Vacancy Rate
Downey office price per square foot in 2020 was $29.48 on average. This marked a -0.89% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 3.41% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Downey Class B Office Space$30.22
- Downey Class C Office Space$21.00
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Downey, CA Office Asking Rents by Class
2020 Office Construction in Downey, CA
- Downey, 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 Downey 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 |
|---|---|---|---|
| 8077 Florence Avenue | 8077 Florence Avenue, 90240 | 30,943 | 2009 |
| Kaiser Permanente Garden Medical Offices | 9353 Imperial Hwy, 90242 | 116,313 | 2004 |
| Downey Regional Medical Plaza | 11480 Brookshire Avenue, 90241 | 75,595 | 2002 |
| 8255 Firestone Blvd | 8255 Firestone Blvd, 90241 | 51,000 | 1986 |
| Wells Fargo Bank Building | 8345 Firestone Blvd, 90241 | 31,233 | 1986 |
| 11525 Brookshire Avenue | 11525 Brookshire Avenue, 90241 | 42,768 | 1983 |
| Kaiser Permanente Orchard Medical Offices | 9449 Imperial Hwy, 90242 | 285,446 | 1981 |
| 8311 Florence Avenue | 8311 Florence Avenue, 90240 | 25,442 | 1981 |
| 7800 East Imperial Hwy | 7800 East Imperial Hwy, 90242 | 38,662 | 1979 |
| Brookshire Medical Building | 11411 Brookshire Avenue, 90241 | 56,121 | 1970 |
Worth noting among recent office completions on the Downey market is 8077 Florence Avenue, which is currently the largest new office development in the city, at 30,943 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 Downey 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.