2024 Office Space Rent & Sales
- $26.83 2024 Avg. Asking Rent
- -1.16% Y-o-Y Avg. Asking Rent Change
- 19.49% 2024 Office Vacancy Rate
Laguna Hills office price per square foot in 2024 was $26.83 on average. This marked a -1.16% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 19.49% 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
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Laguna Hills, CA Office Asking Rents by Class
2024 Office Vacancy Rates in Laguna Hills
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Laguna Woods | $40.58 | 19.34% |
| Laguna Hills | $27.29 | 16.45% |
Office Spaces for Rent in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 23332 Mill Creek Drive | 23332 Mill Creek Drive, 92653 | 54,476 | 1989 |
| HERE - Bldg D | 23382 Mill Creek Drive, 92653 | 53,053 | 1989 |
| HERE - Bldg E | 23332 Mill Creek Drive, 92653 | 50,592 | 1989 |
| 23022 La Cadena Drive | 23022 La Cadena Drive, 92653 | 25,243 | 1989 |
| Lakeview Office Building | 23412 Moulton Pkwy, 92653 | 14,477 | 1989 |
| HERE - Bldg C | 23422 Mill Creek Drive, 92653 | 51,391 | 1988 |
| HERE - Bldgs A & B | 24411 Ridge Route Drive, 92653 | 68,431 | 1987 |
| 23161 Moulton Pkwy | 23161 Moulton Pkwy, 92653 | 7,564 | 1986 |
| 23272 & 23282 Mill Creek Dr | 23272 & 23282 Mill Creek Dr, 92653 | 56,096 | 1984 |
| Oakbrook Plaza | 24422 Avenida De La Carolta, 92653 | 119,926 | 1983 |
Worth noting among recent office completions on the Laguna Hills market is 23332 Mill Creek Drive, which is currently the largest new office development in the city, at 54,476 square feet.
See reports for other markets
- Los Angeles Office Rent Price
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- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
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 Laguna Hills 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.