2020 Office Space Rent & Sales
- $44.66 2020 Avg. Asking Rent
- -1.22% Y-o-Y Avg. Asking Rent Change
- 8.37% 2020 Office Vacancy Rate
LA Jolla office price per square foot in 2020 was $44.66 on average. This marked a -1.22% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.37% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- LA Jolla Class A Office Space$44.23
- LA Jolla Class B Office Space$45.35
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
LA Jolla, CA Office Asking Rents by Class
2020 Office Vacancy Rates in LA Jolla
|Submarket||Asking Rents||Vacancy Rates|
|West San Diego||$46.36||6.25%|
2020 Office Construction in LA Jolla, CA
- LA Jolla, 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 LA Jolla office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Center For Novel Therapeutics||9310 Athena Circle, 92037||137,500||2019|
|Koman Family Outpatient Pavilion||9400 Campus Point Drive, 92037||156,000||2018|
|UC San Diego - Altman Clinical & Translational Research Institute||9452 Medical Center Drive, 92037||358,346||2017|
|Scripps Clinic - John R. Anderson V Medical Pavilion||9898 Genesee Avenue, 92037||175,000||2016|
|4120 Capricorn Lane||4120 Capricorn Lane, 92037||45,000||2013|
|Sanford Consortium for Regenerative Medicine||2880 Torrey Pines Scenic Drive, 92037||136,700||2011|
|La Jolla Institute for Allergy & Immunology||9420 Athena Circle, 92037||145,000||2006|
|Regents Park Financial Centre||4180 La Jolla Village Drive, 92037||95,811||1995|
|Scripps/XiMED Medical Center||9850 Genesee Avenue, 92037||99,999||1993|
|Perlman Medical Offices||9350 Campus Point Drive, 92037||57,025||1993|
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.
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 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.