Laguna Hills Office Rent Price & Sales Report

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%
Data provided by Yardi Research
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 Laguna Hills market was 19.49% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Laguna Hills was 16.45% in the Laguna Hills submarket, while the highest office vacancy in the market was 19.34%, recorded in Laguna Woods.

Office Spaces for Rent in California

Coworking Spaces in California

Largest Office Properties Recently Completed in Laguna Hills
Office building Address SF Completed
HERE - Bldg D 23382 Mill Creek Drive, 92653 53,053 1989
23172 Plaza Pointe Dr. 23172 Plaza Pointe Dr., 92653 35,437 1989
23022 La Cadena Drive 23022 La Cadena Drive, 92653 25,243 1989
Lakeview Office Building 23412 Moulton Pkwy, 92653 14,477 1989
23191 La Cadena Drive 23191 La Cadena Drive, 92653 4,148 1986
23272 & 23282 Mill Creek Dr 23272 & 23282 Mill Creek Dr, 92653 56,096 1984
23232 Peralta Drive 23232 Peralta Drive, 92653 37,500 1982
23212 Mill Creek Drive 23212 Mill Creek Drive, 92653 13,500 1982
Moulton Park Place 23121 Verdugo Drive, 92653 100,774 1981
Lake Forest Corporate Park 22901 Mill Creek Drive, 92653 58,010 1981

Worth noting among recent office completions on the Laguna Hills market is HERE - Bldg D, which is currently the largest new office development in the city, at 53,053 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.