2020 Office Space Rent & Sales
- $26.72 2020 Avg. Asking Rent
- -3.66% Y-o-Y Avg. Asking Rent Change
- 4.17% 2020 Office Vacancy Rate
Elk Grove office price per square foot in 2020 was $26.72 on average. This marked a -3.66% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 4.17% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Elk Grove Class A Office Space$27.53
- Elk Grove Class B Office Space$26.37
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Elk Grove, CA Office Asking Rents by Class
2020 Office Construction in Elk Grove, CA
- Elk Grove, 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 Elk Grove office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Laguna Springs Corporate Center - 8220 Longleaf Drive||8220 Longleaf Drive, 95758||110,372||2017|
|Laguna Springs Corporate Center - 8260 & 8280 Longleaf Drive||8260 Longleaf Drive, 95758||211,022||2013|
|Kaiser Permanente Elk Grove Promenade Medical Office||10305 Promenade Pkwy, 95757||67,500||2011|
|Outpatient Surgery Center||8220 Wymark Drive, 95757||65,000||2011|
|9650 West Taron Drive||9650 West Taron Drive, 95757||75,000||2009|
|CenterPointe at Laguna||2228 Longport Court, 95758||40,047||2009|
|Laguna Pointe||9245 Laguna Springs Drive, 95758||71,989||2007|
|Liberty Center II||9381 East Stockton Blvd, 95624||83,000||2006|
|Laguna Professional Center||9394 Big Horn Blvd, 95758||67,793||2006|
|Sutter Medical Plaza Elk Grove||8170 Laguna Blvd, 95758||195,101||2005|
Worth noting among recent office completions on the Elk Grove market is Laguna Springs Corporate Center - 8220 Longleaf Drive, which is currently the largest new office development in the city, at 110,372 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 Elk Grove 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.