2020 Office Space Rent & Sales
- $23.69 2020 Avg. Asking Rent
- -0.24% Y-o-Y Avg. Asking Rent Change
- 4.34% 2020 Office Vacancy Rate
Garden Grove office price per square foot in 2020 was $23.69 on average. This marked a -0.24% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 4.34% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Garden Grove Class B Office Space$23.88
- Garden Grove Class C Office Space$22.63
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Garden Grove, CA Office Asking Rents by Class
2020 Office Construction in Garden Grove, CA
- Garden 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 Garden Grove office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|12966 Euclid Street||12966 Euclid Street, 92840||64,800||1987|
|Lincoln Technology Center||7390 Lincoln Way, 92841||41,184||1985|
|CityView Plaza||12361 Lewis Street, 92840||148,214||1984|
|7077 Orangewood Avenue||7077 Orangewood Avenue, 92841||39,294||1981|
|LENDER OWNED Industrial/Showroom/Office/Flex||13902 HARBOR BLVD., 2A, 2B & 2C, 92843||10,542||1981|
|Garden Grove Business Center - 12131 Western Avenue||12131 Western Avenue, 92841||207,953||1980|
|Garden Grove Commerce Center||7411 Garden Grove Blvd, 92841||217,741||1977|
|8550 Garden Grove||8550 Garden Grove Blvd., 92844||10,224||1962|
|9465 Garden Grove Blvd||9465 Garden Grove Blvd, 92841||13,452||1952|
Worth noting among recent office completions on the Garden Grove market is 12966 Euclid Street, which is currently the largest new office development in the city, at 64,800 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 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.