La Jolla Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $45.96 2024 Avg. Asking Rent
  • 14.98% 2024 Office Vacancy Rate

La Jolla office price per square foot in 2024 was $45.96 on average. The local office market recorded an average vacancy rate of 14.98% 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

  • La Jolla Class A & A+ Office Space$45.80
  • La Jolla Class B Office Space$46.12
  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

La Jolla, CA Office Asking Rents by Class

2024 Office Vacancy Rates in La Jolla

Submarket Asking Rents Vacancy Rates
University City $43.39 10.71%
West San Diego $36.72 18.06%
Torrey Pines $33.30 13.81%
Data provided by Commercial Edge
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 La Jolla market was 14.98% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in La Jolla was 10.71% in the University City submarket, while the highest office vacancy in the market was 18.06%, recorded in West San Diego.

Office Spaces for Rent in California

Coworking Spaces in California

2024 Office Construction in La Jolla, CA

  • La Jolla, CA Total SF completed in 2024 112,580
  • La Jolla, CA Total SF under construction in 2025 100,000

During 2024, 112,580 square feet of new office space were delivered across the market. At the close of 2024, the La Jolla office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 112,580 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 100,000 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in La Jolla
Office building Address SF Completed
Center For Novel Therapeutics 9310 Athena Circle, 92037 137,500 2019
Regents Park Financial Centre 4180 La Jolla Village Drive, 92037 98,523 1995
La Jolla Square - 4225 Executive Square 4225 Executive Square, 92037 234,780 1990
Regents Medical Center 4150 Regents Park Row, 92037 76,154 1989
La Jolla Square - 4275 Executive Square 4275 Executive Square, 92037 164,636 1988
La Jolla Square - 4250 Executive Square 4250 Executive Square, 92037 141,928 1988
Regents Court 4120 & 4130 La Jolla Village Drive, 92037 56,422 1988
Regents Court 4130 La Jolla Village Drive, 92037 56,422 1987
Forty 180 4180 La Jolla Village Drive, 92307 98,523 1985
875 Prospect Street 875 Prospect Street, 92037 43,000 1985

Worth noting among recent office completions on the La Jolla market is Center For Novel Therapeutics, which is currently the largest new office development in the city, at 137,500 square feet.

Data provided by Commercial Edge

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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 La Jolla 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.