2020 Office Space Rent & Sales
- $30.56 2020 Avg. Asking Rent
- 3.71% Y-o-Y Avg. Asking Rent Change
- 11.91% 2020 Office Vacancy Rate
Monrovia office price per square foot in 2020 was $30.56 on average. This marked a +3.71% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.91% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Monrovia Class A Office Space$32.50
- Monrovia Class B Office Space$29.77
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Monrovia, CA Office Asking Rents by Class
2020 Office Construction in Monrovia, CA
- Monrovia, 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 Monrovia office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Trader Joe's Corporate Offices||800 South Shamrock Avenue, 91016||29,816||2001|
|1218 South 5th Avenue||1218 South 5th Avenue, 91016||139,644||2000|
|Huntington Millennium Center||181 West Huntington Drive, 91016||105,000||2000|
|111 West Lemon Avenue||111 West Lemon Avenue, 91016||48,225||1989|
|Foothill Technology Center - 555-605 East Huntington Drive||605 East Huntington Drive, 91016||140,000||1988|
|Huntington Plaza||222 East Huntington Drive, 91016||115,608||1988|
|121 East Huntington Drive||121 East Huntington Drive, 91016||86,701||1986|
|Huntington Drive Business Center - 100, 110 & 150 East Huntington Drive||110 East Huntington Drive, 91016||62,846||1984|
|Huntington Oaks Office Center||1333 South Mayflower Avenue, 91016||84,589||1982|
|800 West Chestnut Avenue||800 West Chestnut Avenue, 91016||48,985||1982|
Worth noting among recent office completions on the Monrovia market is Trader Joe's Corporate Offices, which is currently the largest new office development in the city, at 29,816 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 Monrovia 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.