2024 Office Space Rent & Sales
- $30.81 2024 Avg. Asking Rent
- -2.54% Y-o-Y Avg. Asking Rent Change
- 47.40% 2024 Office Vacancy Rate
Novato office price per square foot in 2024 was $30.81 on average. This marked a -2.54% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 47.40% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Novato, CA Office Asking Rents by Class
Coworking Spaces in California
- Los Angeles Coworking Space
- San Diego Coworking Space
- San Francisco Coworking Space
- Las Vegas Coworking Space
- Seattle Coworking Space
- Phoenix Coworking Space
- Irvine Coworking Space
- Sacramento Coworking Space
- Scottsdale Coworking Space
- Salt Lake City Coworking Space
- Bellevue Coworking Space
- Oakland Coworking Space
- San Jose Coworking Space
- Carlsbad Coworking Space
- Long Beach Coworking Space
- Newport Beach Coworking Space
- Tucson Coworking Space
- Tacoma Coworking Space
- Pasadena Coworking Space
- Berkeley Coworking Space
- Palo Alto Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hanna Ranch Building A | 5400 Hanna Ranch Rd. (A), 94945 | 21,908 | 2021 |
| 7533 Redwood Boulevard | 7533 Redwood Blvd, 94945 | 1,318 | 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 |
Worth noting among recent office completions on the Novato market is Hanna Ranch Building A, which is currently the largest new office development in the city, at 21,908 square feet.
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
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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Novato 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 Yardi Research Data can guarantee that the information provided is complete.