2020 Office Space Rent & Sales
- $38.66 2020 Avg. Asking Rent
- 11.72% 2020 Office Vacancy Rate
Glendale office price per square foot in 2020 was $38.66 on average. The local office market recorded an average vacancy rate of 11.72% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Glendale Class A Office Space$39.29
- Glendale Class B Office Space$35.80
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Glendale, CA Office Asking Rents by Class
2020 Office Construction in Glendale, CA
- Glendale, CA Total SF completed in 2020 39,067
During 2020, 39,067 square feet of new office space were delivered across the market. At the close of 2020, the Glendale office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 39,067 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 500 East Colorado Street | 500 East Colorado Street, 91205 | 39,067 | 2020 |
| Rexford Creative Campus | 700 Allen Avenue, 91201 | 25,168 | 2015 |
| 3600 North Verdugo Road | 3600 North Verdugo Road, 91208 | 29,794 | 2010 |
| 207 Goode Avenue | 207 Goode Avenue, 91203 | 189,109 | 2009 |
| Hollywood Production Center 3 | 225 East Broadway, 91205 | 76,000 | 2009 |
| Lee Hughes Medical Building | 1500 East Chevy Chase Drive, 91206 | 76,758 | 2008 |
| St. Mary's Medical Center | 800 South Central Avenue, 91204 | 39,552 | 2007 |
| Grand Central Creative Campus | 1101 Flower Street, 91201 | 250,832 | 2006 |
| 501 North Orange Street | 501 North Orange Street, 91203 | 27,000 | 2004 |
| 4680 San Fernando Road | 4680 San Fernando Road, 91204 | 80,000 | 2000 |
Worth noting among recent office completions on the Glendale market is 500 East Colorado Street, which is currently the largest new office development in the city, at 39,067 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 Glendale 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.