2022 Office Space Rent & Sales
- $26.15 2022 Avg. Asking Rent
- 8.50% 2022 Office Vacancy Rate
- $50.4M2022 Total Office Sales
- $280.91Avg. Sale Price/SF
Garden Grove office price per square foot in 2022 was $26.15 on average. The local office market recorded an average vacancy rate of 8.50% across all asset classes combined. The 3 transactions that closed here throughout 2022 amounted to a total sale volume of $50.4M. Garden Grove office space commanded an average sale price per square foot of $280.91.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Garden Grove Class B Office Space$25.09
- Garden Grove Class C Office Space$27.86
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Garden Grove, CA Office Asking Rents by Class
2022 Office Vacancy Rates in Garden Grove
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Anaheim Resort | $29.33 | 26.26% |
Cypress | $28.92 | 10.87% |
Garden Grove | $23.40 | 8.67% |
Garden Grove Office Sale Price per SF
- $280.912022 Avg. Price per SF
- $50.4M2022 Office Sales Volume
- 32022 Number of Transactions
Garden Grove, CA Sale Price per SF Trend
- Garden Grove Avg. Sale Price per SF in 2022$280.91
- California Avg. Sale Price per SF in 2022$396.51
2022 Office Sales Volume
- Garden Grove, CA Total Office Sales Volume in 2022 $50.4M
- Garden Grove, CA Total Number of Office Sales Closed in 2022 3
Largest Garden Grove Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Grove Medical Arts Building | 12665 Garden Grove Blvd | 7/14/2022 | $21,600,000 |
7390 Lincoln Way | 7390 Lincoln Way | 8/9/2022 | $20,000,000 |
Garden Grove Medical Plaza | 12555 Garden Grove Blvd | 9/2/2022 | $8,750,000 |
Coworking Spaces in California
- Los Angeles Coworking Space
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- Palo Alto Coworking Space
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Office building | Address | SF | Completed |
---|---|---|---|
8342 Garden Grove Blvd, #10 | 8342 Garden Grove Blvd, #10, 92844 | 3,000 | 1992 |
12966 Euclid Street | 12966 Euclid Street, 92840 | 64,800 | 1987 |
CityView Plaza | 12361 Lewis Street, 92840 | 148,214 | 1984 |
Garden Grove Medical Building | 12555 Garden Grove Blvd., 92843 | 54,632 | 1983 |
Garden Grove Medical Plaza | 12555 Garden Grove Blvd., 92843 | 54,632 | 1983 |
Beach Executive Plaza | 12235 Beach Blvd, 92841 | 38,126 | 1981 |
12235 Beach Blvd | 12235 Beach Blvd, 92841 | 37,080 | 1981 |
Cedargrove Business Park | 13311 Garden Grove Blvd, 92843 | 79,926 | 1976 |
Grove Medical Arts Bldg | 12665 Garden Grove Blvd, 92843 | 74,232 | 1972 |
8550 Garden Grove | 8550 Garden Grove Blvd., 92844 | 10,224 | 1962 |
Worth noting among recent office completions on the Garden Grove market is 8342 Garden Grove Blvd, #10, which is currently the largest new office development in the city, at 3,000 square feet.
See reports for other markets
- Los Angeles Office Rent Price
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- San Francisco Office Rent Price
- San Jose Office Rent Price
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Garden 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.