2023 Office Space Rent & Sales
- $29.76 2023 Avg. Asking Rent
- 0.57% Y-o-Y Avg. Asking Rent Change
- 18.38% 2023 Office Vacancy Rate
- $52.8M2023 Total Office Sales
- $192.51Avg. Sale Price/SF
Orange office price per square foot in 2023 was $29.76 on average. This marked a +0.57% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.38% across all asset classes combined. The 3 transactions that closed here throughout 2023 amounted to a total sale volume of $52.8M. Orange office space commanded an average sale price per square foot of $192.51.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Orange Class A & A+ Office Space$32.54
- Orange Class B Office Space$24.05
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Orange, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Orange
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
St. Joseph Center | $32.81 | 16.31% |
Platinum Triangle | $31.80 | 19.87% |
Anaheim Resort | $28.84 | 25.08% |
Orange | $20.56 | 6.13% |
Orange Office Sale Price per SF
- $192.512023 Avg. Price per SF
- -19.21%Y-o-Y Avg. PpSF Change
- $52.8M2023 Office Sales Volume
- 32023 Number of Transactions
Orange, CA Sale Price per SF Trend
- Orange Avg. Sale Price per SF in 2023$192.51
- California Avg. Sale Price per SF in 2023$256.51
2023 Office Sales Volume
- Orange, CA Total Office Sales Volume in 2023 $52.8M
- Orange, CA Total Number of Office Sales Closed in 2023 3
Coworking Spaces in California
- Los Angeles Coworking Space
- San Francisco Coworking Space
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- Irvine Coworking Space
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- Scottsdale Coworking Space
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- Long Beach Coworking Space
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- Palo Alto Coworking Space
- Berkeley Coworking Space
Office building | Address | SF | Completed |
---|---|---|---|
St. Joseph Medical Tower | 1010 West La Veta Avenue, 92868 | 120,600 | 2008 |
Arena Corporate Center | 1400 S. Douglass Rd., 92806 | 127,750 | 2003 |
St. Joseph Medical Plaza | 1140 W La Veta Ave, 92868 | 96,000 | 1992 |
West Chapman Dental Arts Building | 2401 W Chapman Ave, 92868 | 8,608 | 1990 |
City Tower | 333 City Blvd West, 92868 | 435,177 | 1988 |
Orange Center Tower | 500 N. State College Blvd., 92668 | 281,699 | 1988 |
Saddleback Plaza - 3505-3533 East Chapman Avenue | 3521 East Chapman Avenue, 92869 | 58,360 | 1988 |
For Sale or Lease - Creative Office Available in Orange | 1036 W Taft Avenue, 92865 | 14,101 | 1988 |
For Sale or Lease - Creative Office Available in Orange | 1036 W Taft Avenue, 92865 | 14,101 | 1988 |
Orange Executive Tower | 1100 Town and Country Road, 92868 | 388,374 | 1987 |
Worth noting among recent office completions on the Orange market is St. Joseph Medical Tower, which is currently the largest new office development in the city, at 120,600 square feet.
See reports for other markets
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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 Orange 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.