Highlights
- The average rent for office space in Novato is $31.40 per square foot, 1.91% higher compared to the previous year.
- The market’s vacancy rate stands at 34.18%, higher than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $31.40 2025 Avg. Asking Rent
- 1.91% Y-o-Y Avg. Asking Rent Change
- 34.18% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Novato?
Average asking rents for office space here stand at $31.40 per square foot. The local office market recorded an average vacancy rate of 34.18% in 2025, unchanged from 34.18% in 2024.
Novato, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
What are the largest recent office completions in Novato?
The largest recent office completion here is Rowland Plaza at 143,444 square feet, completed in 1995. The next largest completions are Marin Business Center and Pell Plaza.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hanna Ranch Building A | 5400 Hanna Ranch Rd. (A), 94945 | 21,908 | 2021 |
| Woodside Office Center | 7250 Redwood Blvd, 94945 | 90,214 | 2002 |
| Marin Business Center | 100 Wood Hollow Dr, 94945 | 130,062 | 2001 |
| Rowland Plaza | 75 Rowland Way, 94945 | 143,444 | 1995 |
| 7428 Redwood Blvd | 7428 Redwood Blvd, 94945 | 12,205 | 1992 |
| 7428 Redwood Blvd | 7428 Redwood Blvd, 94945 | 12,205 | 1992 |
| Pell Plaza | 504 Redwood Blvd., 94949 | 95,000 | 1991 |
| Pell Plaza | 500 Redwood Blvd, 94945 | 69,680 | 1991 |
| 7200 Redwood Blvd | 7200 Redwood Blvd, 94945 | 54,777 | 1989 |
| City Center | 1701 Novato Blvd, 94949 | 32,600 | 1987 |
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.