2020 Office Space Rent & Sales
- $24.34 2020 Avg. Asking Rent
- 11.02% 2020 Office Vacancy Rate
Lakewood office price per square foot in 2020 was $24.34 on average. The local office market recorded an average vacancy rate of 11.02% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Lakewood Class B Office Space$24.34
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Lakewood, CA Office Asking Rents by Class
2020 Office Construction in Lakewood, CA
- Lakewood, CA Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Lakewood office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Lakewood Regional Medical Center||5750 Downey Avenue, 90712||38,233||1994|
|Wing Office Park||3960 Paramount Blvd, 90712||76,280||1988|
|3200 East Carson Street||3200 East Carson Street, 90712||85,200||1985|
|4060 Watson Plaza Drive||4060 Watson Plaza Drive, 90712||71,450||1985|
|4010 Watson Plaza Drive||4010 Watson Plaza Drive, 90712||56,901||1982|
|3300 East South Street||3300 East South Street, 90805||41,995||1982|
|4909 Lakewood Blvd||4909 Lakewood Blvd, 90712||49,236||1975|
|3650 East South Street||3650 East South Street, 90712||56,832||1972|
|21520 Pioneer Blvd||21520 Pioneer Blvd, 90716||71,900||1971|
|Lakewood Professional Building||5220 Clark Avenue, 90712||38,715||1962|
Worth noting among recent office completions on the Lakewood market is Lakewood Regional Medical Center, which is currently the largest new office development in the city, at 38,233 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 Lakewood 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.