Fresno Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.67 2024 Avg. Asking Rent
  • 3.78% Y-o-Y Avg. Asking Rent Change
  • 18.25% 2024 Office Vacancy Rate

Fresno office price per square foot in 2024 was $24.67 on average. This marked a +3.78% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.25% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

Fresno, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Fresno

Submarket Asking Rents Vacancy Rates
North Fresno County $25.33 11.98%
South Fresno County $23.17 30.93%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Fresno market was 18.25% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Fresno was 11.98% in the North Fresno County submarket, while the highest office vacancy in the market was 30.93%, recorded in South Fresno County.

Office Spaces for Rent in California

Coworking Spaces in California

2024 Office Construction in Fresno, CA

Largest Office Properties Recently Completed in Fresno
Office building Address SF Completed
Sugar Pine Square 225 East Nees Avenue, 93720 60,000 2019
7546 North Colonial Avenue 7546 N Colonial Ave, 93711 12,424 2019
625 W. Alluvial Avenue 625 W. Alluvial Avenue, 93711 44,000 2009
6733 North Willow Avenue 6733 North Willow Avenue, 93710 12,603 2007
Fresno Commons 7075 & 7077 N. West Avenue, 93711 8,760 2007
Civic Center Square - 2440 Tulare Street 2440 Tulare Street, 93721 89,097 2006
7550 North Palm Avenue 7550 North Palm Avenue, 93711 33,381 2005
Office Building within Palm Bluffs Corporate Park 7440 N Palm Ave, 93711 32,344 2005
7161 N Howard St 7161 N Howard St, 93720 22,256 2005
9491 N. Fort Washington Road, Suite 102 9491 N. Fort Washington Road, Suite 102, 93730 6,952 2004

Worth noting among recent office completions on the Fresno market is Sugar Pine Square, which is currently the largest new office development in the city, at 60,000 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Fresno 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 Yardi Research Data can guarantee that the information provided is complete.