Office Rental Market
- $26.55 2019 Avg. Asking Rent
- 22.72 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Monterey Class B Office Buildings$28.01
- Monterey Class C Office Buildings$19.04
- CA Class A Office Buildings$51.59
- CA Class B Office Buildings$34.34
- CA Class C Office Buildings$22.62
Monterey, CA Office Asking Rents by Class
OFFICE CONSTRUCTION IN Monterey, CA
- Monterey, CA Total Sqft completed in 2019 0
- Monterey, CA Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
20 Ryan Ranch Road | 20 Ryan Ranch Road, 93940 | 215,000 | 1990 |
Garden Road Professional Center | 2511 Garden Road, 93940 | 72,615 | 1985 |
Heritage Harbor Office Complex | 99 Pacific Street, 93940 | 68,816 | 1990 |
Ryan Ranch Office Park - 2 Lower Ragsdale Drive & 50 Ragsdale Drive | 2 Lower Ragsdale Drive, 93940 | 61,321 | 1992 |
2959 Monterey Salinas Hwy | 2959 Monterey Salinas Hwy, 93940 | 59,000 | 1980 |
Capital Insurance Group Headquarters | 2300 Garden Road, 93940 | 56,500 | 1982 |
Monterey Commerce Center - Buildings 2 & 3 | 1 Lower Ragsdale Drive, 93940 | 51,221 | 1990 |
Monterey Commerce Center | 1 Lower Ragsdale Dr, Bldg 1, 93940 | 51,144 | 1990 |
Community Hospital Ryan Ranch Outpatient Campus - Medical Office Building 1 | 2 Upper Ragsdale Drive, 93940 | 48,400 | 2004 |
30 & 40 Ryan Court | 30 Ryan Court, 93940 | 44,481 | 2008 |
Office building | Address | Sqft | Completed |
---|---|---|---|
30 & 40 Ryan Court | 30 Ryan Court, 93940 | 44,481 | 2008 |
31 Upper Ragsdale Drive | 31 Upper Ragsdale Drive, 93940 | 28,316 | 2008 |
Ryan Ranch Professional Office Condominium | 19 Upper Ragsdale Drive, 93940 | 40,000 | 2006 |
100 Wilson Road | 100 Wilson Road, 93940 | 36,044 | 2005 |
Community Hospital Ryan Ranch Outpatient Campus - Medical Office Building 1 | 2 Upper Ragsdale Drive, 93940 | 48,400 | 2004 |
Community Hospital Ryan Ranch Outpatient Campus - Professional Center | 2 Upper Ragsdale Drive, 93940 | 40,400 | 2004 |
Ryan Ranch Office Park - 4 Lower Ragsdale Drive | 4 Lower Ragsdale Drive, 93940 | 29,747 | 2001 |
665 Munras Avenue | 665 Munras Avenue, 93940 | 27,000 | 2001 |
Ryan Ranch Office Park - 20 Ragsdale Drive | 20 Ragsdale Drive, 93940 | 25,605 | 1995 |
12 Upper Ragsdale Drive & 21 Lower Ragsdale Drive | 12 Upper Ragsdale Drive, 93940 | 40,236 | 1994 |
See trends for nearby markets
The Monterey office market contains an inventory of 1,668,269 square feet of office space, in 79 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Monterey 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.