2023 Office Space Rent & Sales
- $26.93 2023 Avg. Asking Rent
- -0.71% Y-o-Y Avg. Asking Rent Change
- 17.43% 2023 Office Vacancy Rate
- $30M2023 Total Office Sales
- $259.75Avg. Sale Price/SF
Laguna Hills office price per square foot in 2023 was $26.93 on average. This marked a -0.71% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.43% across all asset classes combined. The 3 transactions that closed here throughout 2023 amounted to a total sale volume of $30M. Laguna Hills office space commanded an average sale price per square foot of $259.75.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Laguna Hills Class A & A+ Office Space$39.00
- Laguna Hills Class B Office Space$26.12
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Laguna Hills, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Laguna Hills
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Laguna Woods | $30.48 | 14.55% |
Laguna Hills | $28.36 | 18.08% |
Laguna Hills Office Sale Price per SF
- $259.752023 Avg. Price per SF
- 0.70%Y-o-Y Avg. PpSF Change
- $30M2023 Office Sales Volume
- 32023 Number of Transactions
Laguna Hills, CA Sale Price per SF Trend
- Laguna Hills Avg. Sale Price per SF in 2023$259.75
- California Avg. Sale Price per SF in 2023$256.51
2023 Office Sales Volume
- Laguna Hills, CA Total Office Sales Volume in 2023 $30M
- Laguna Hills, CA Total Number of Office Sales Closed in 2023 3
Coworking Spaces in California
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Office building | Address | SF | Completed |
---|---|---|---|
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 |
23272 & 23282 Mill Creek Dr | 23272 & 23282 Mill Creek Dr, 92653 | 56,096 | 1984 |
South Point II Office Condos | 23232 Peralta Dr, 92653 | 574 | 1984 |
Oakbrook Plaza | 24422 Avenida De La Carolta, 92653 | 119,926 | 1983 |
23232 Peralta Dr | 23232 Peralta Drive, 92653 | 1,110 | 1983 |
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.
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.