2022 Office Space Rent & Sales
- $27.65 2022 Avg. Asking Rent
- 3.48% Y-o-Y Avg. Asking Rent Change
- 14.52% 2022 Office Vacancy Rate
- $115.2M2022 Total Office Sales
- $288.77Avg. Sale Price/SF
Lake Forest office price per square foot in 2022 was $27.65 on average. This marked a +3.48% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.52% across all asset classes combined. The 7 transactions that closed here throughout 2022 amounted to a total sale volume of $115.2M. Lake Forest office space commanded an average sale price per square foot of $288.77.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Lake Forest Class A & A+ Office Space$28.83
- Lake Forest Class B Office Space$27.59
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Lake Forest, CA Office Asking Rents by Class
Lake Forest Office Sale Price per SF
- $288.772022 Avg. Price per SF
- 43.25%Y-o-Y Avg. PpSF Change
- $115.2M2022 Office Sales Volume
- 72022 Number of Transactions
Lake Forest, CA Sale Price per SF Trend
- Lake Forest Avg. Sale Price per SF in 2022$288.77
- California Avg. Sale Price per SF in 2022$396.51
2022 Office Sales Volume
- Lake Forest, CA Total Office Sales Volume in 2022 $115.2M
- Lake Forest, CA Total Number of Office Sales Closed in 2022 7
Largest Lake Forest Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Lake Forest Executive Center | 23101 Lake Center Drive | 4/28/2022 | $11,500,000 |
Pacific Corporate Park - 25391 Commercentre Drive | 25391 Commercentre Drive | 5/31/2022 | $7,683,500 |
Coworking Spaces in California
- Los Angeles Coworking Space
- San Francisco Coworking Space
- San Diego Coworking Space
- Las Vegas Coworking Space
- Seattle Coworking Space
- Phoenix Coworking Space
- Irvine Coworking Space
- Scottsdale Coworking Space
- Sacramento Coworking Space
- Salt Lake City Coworking Space
- Long Beach Coworking Space
- Newport Beach Coworking Space
- San Jose Coworking Space
- Tacoma Coworking Space
- Bellevue Coworking Space
- Oakland Coworking Space
- Carlsbad Coworking Space
- Pasadena Coworking Space
- Tucson Coworking Space
- Palo Alto Coworking Space
- Berkeley Coworking Space
Office building | Address | SF | Completed |
---|---|---|---|
26000 Towne Centre Dr. | 26000 Towne Centre Dr., 92609 | 19,977 | 2007 |
26090-26100 Towne Centre Drive | 26090-26100 Towne Centre Drive, 92610 | 5,672 | 2007 |
Silhouette Medical Plaza | 27462 Portola Pkwy., 92610 | 20,127 | 2006 |
Silhouette Medical Plaza | 27462 Portola Pkwy., 92610 | 20,127 | 2006 |
26170 Enterprise Way | 26170 Enterprise Way, 92630 | 3,564 | 2004 |
26170 Enterprise Way | 26170 Enterprise Way, 92630 | 3,564 | 2004 |
Spectrum Pointe | 1 Spectrum Pointe Drive, 92630 | 461,746 | 2002 |
Orchard Technology Park | 1 Orchard Road, 92630 | 101,922 | 2002 |
Spectrum Pointe | 1 Spectrum Pointe Dr., 92630 | 75,000 | 2001 |
6 Orchard Rd. | 6 Orchard Rd., 92630 | 27,099 | 2001 |
Worth noting among recent office completions on the Lake Forest market is 26000 Towne Centre Dr., which is currently the largest new office development in the city, at 19,977 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Diego Office Rent Price
- San Francisco Office Rent Price
- San Jose Office Rent Price
- Sacramento Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Sunnyvale Office Rent Price
- Santa Clara Office Rent Price
- Santa Monica Office Rent Price
- Charlotte Office Rent Price
- Atlanta Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Denver Office Rent Price
- Miami 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market 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.