2023 Office Space Rent & Sales
- $26.77 2023 Avg. Asking Rent
- -3.20% Y-o-Y Avg. Asking Rent Change
- 13.63% 2023 Office Vacancy Rate
Lake Forest office price per square foot in 2023 was $26.77 on average. This marked a -3.20% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.63% 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
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Lake Forest, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Lake Forest
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lake Forest | $26.77 | 18.97% |
| Mission Viejo | $26.46 | 20.78% |
Office Spaces for Rent in California
Coworking Spaces in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 26000 Towne Centre Dr. | 26000 Towne Centre Dr., 92609 | 19,977 | 2007 |
| 27462 Portola Pkwy. | 27462 Portola Pkwy., 92610 | 20,127 | 2006 |
| 27462 Portola Pkwy. | 27462 Portola Pkwy., 92610 | 20,127 | 2006 |
| 26475 Rancho Parkway South | 26475 Rancho Parkway South, 92610 | 5,127 | 2006 |
| 26473 Rancho Parkway South | 26473 Rancho Parkway South, 92610 | 3,441 | 2006 |
| 26233 Enterprise Court | 26233 Enterprise Court, 92630 | 2,845 | 2005 |
| Spectrum Pointe | 1 Spectrum Pointe Drive, 92630 | 461,746 | 2002 |
| Orchard Technology Park | 1 Orchard Road, 92630 | 101,922 | 2002 |
| Palm Terrace - 25531 & 25541 Commercentre Drive | 25531 Commercentre Drive, 92630 | 104,378 | 2000 |
| 27051 & 27121 Towne Centre Drive | 27051 Towne Centre Drive, 92610 | 202,858 | 1999 |
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
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- Irvine Office Rent Price
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- 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.