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% |
Office Spaces for Rent in California
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2024 Office Construction in Fresno, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3000 E. Shaw Avenue | 3000 E. Shaw Avenue, 93710 | 60,000 | 2024 |
| 4165 W. Alamos Avenue | 4165 W. Alamos Avenue, 93722 | 6,500 | 2022 |
| Palm Bluffs Corporate Center - 7700 North Palm Avenue | 7700 North Palm Avenue, 93711 | 42,166 | 2020 |
| 7546 N Colonial Ave | 7546 N Colonial Ave, 93711 | 12,424 | 2019 |
| Palm Plaza | 7050 N. Palm Avenue, 93711 | 11,000 | 2019 |
| 1270 East Spruce Avenue | 1270 East Spruce Avenue, 93720 | 38,184 | 2018 |
| Prime Professional Office Space Located in NW Fresno | 1334 W Herndon Ave, 93711 | 4,460 | 2018 |
| Medical Office Space Located in Meridian Professional Center | 7125 N Chestnut Ave, 93720 | 2,636 | 2010 |
| Palm Plaza | 7010 N. Palm Avenue, 93711 | 34,498 | 2007 |
| Meridian Professional Center | 7085 N Maple Ave, 93720 | 9,505 | 2007 |
Worth noting among recent office completions on the Fresno market is 3000 E. Shaw Avenue, which is currently the largest new office development in the city, at 60,000 square feet.
See reports for other markets
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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 CommercialEdge, 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 CommercialEdge can guarantee that the information provided is complete.