Lake Forest Office Market Trends

Office Rental Market

  • $25.87 2019 Avg. Asking Rent
  • 7.37 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Lake Forest was $25.87 per square foot, and the office vacancy rate across the market averaged 7.37 %. During 2019, developers added 0 square feet of new office space to the Lake Forest market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Lake Forest Class A Office Buildings$25.80
  • Lake Forest Class B Office Buildings$25.88
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Lake Forest, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Lake Forest, CA

  • Lake Forest, CA Total Sqft completed in 2019 0
  • Lake Forest, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Lake Forest
Building name Address Total Sqft Year built
Spectrum Pointe 1 Spectrum Pointe Drive, 92630 461,746 2002
Towne Center Plaza 26642 Towne Centre Drive, 92610 205,287 2000
27051 & 27121 Towne Centre Drive 27051 Towne Centre Drive, 92610 202,858 1999
Serrano Creek Center 20411 Lake Forest Drive, 92630 184,482 2000
Pacific Commercentre Business Park - 26110, 26140 & 26160 Enterprise Way 26110 Enterprise Way, 92630 145,500 1999
Enterprise Business Park - 26200 Enterprise Court 26200 Enterprise Way, 92630 144,906 2000
19701 Da Vinci 19701 Da Vinci, 92610 127,612 2000
Lake Forest Business Center - 23661-23736 Birtcher Drive 23661 Birtcher Drive, 92630 117,088 1981
Foothill Plaza - 27442 Portola Pkwy 27442 Portola Pkwy, 92610 106,126 2001
Foothill Plaza - 27422 Portola Pkwy 27422 Portola Pkwy, 92610 106,120 2001
Largest Office Properties Recently Completed in Lake Forest
Office building Address Sqft Completed
Towne Centre Office Park 26000 Towne Centre Drive, 92610 48,128 2007
Allred Corporate Center - 26521 & 26541 Rancho Pkwy South 26521 Rancho Pkwy South, 92630 92,160 2002
Spectrum Pointe - 1 Spectrum Pointe Drive 1 Spectrum Pointe Drive, 92630 75,000 2002
Allred Corporate Center - 26561 Rancho Pkwy South 26561 Rancho Pkwy South, 92630 60,720 2002
Foothill Plaza - 27442 Portola Pkwy 27442 Portola Pkwy, 92610 106,126 2001
Foothill Plaza - 27422 Portola Pkwy 27422 Portola Pkwy, 92610 106,120 2001
Pacific Commercentre Business Park - 26250 Enterprise Court 26250 Enterprise Court, 92630 76,841 2001
Enterprise - 26210 Enterprise Court 26210 Enterprise Court, 92630 50,006 2001
Enterprise - 26220 Enterprise Court 26220 Enterprise Court, 92630 50,006 2001
High Image Office Space 6 Orchard, 92630 27,099 2001
Data provided by Commercial Edge

Office Spaces for Rent in California

LAKE FOREST OFFICE SALES TRENDS

  • $227.442019 Avg. Price per Sqft
  • -18.31 %Y-o-Y Avg. PpSF Change
  • $37.8M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Lake Forest averaged $227.44 per square foot. This marked a -18.31 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Lake Forest office market in 2019, amounting to a total sales volume of $37.8M.

Average Office Sale Price per Sqft

Lake Forest, CA Sales Trends

  • Lake Forest Price per Sqft$227.44
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Lake Forest, CA Total Office Sales Volume in 2019 $37.8M
  • Lake Forest, CA Total Number of Office Sales Closed in 2019 3

Largest Lake Forest Office Sales in 2019

Property name Address Date Price
26211 Enterprise Way 26211 Enterprise Way 8/1/2019 $16,500,000
Mountain View Business Center 23591 El Toro Road 11/1/2019 $11,700,000
Lake Forest Executive Center 23101 Lake Center Drive 2/21/2019 $9,608,000
Data provided by Commercial Edge

See trends for nearby markets

The Lake Forest office market contains an inventory of 2,337,335 square feet of office space, in 81 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 Lake Forest 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.