2022 Office Space Rent & Sales
- $25.33 2022 Avg. Asking Rent
- 4.82% Y-o-Y Avg. Asking Rent Change
- 23.44% 2022 Office Vacancy Rate
Petaluma office price per square foot in 2022 was $25.33 on average. This marked a +4.82% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.44% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Petaluma Class B Office Space$25.33
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Petaluma, CA Office Asking Rents by Class
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2022 Office Construction in Petaluma, CA
- Petaluma, CA Total SF completed in 2022 32,000
During 2022, 32,000 square feet of new office space were delivered across the market. At the close of 2022, the Petaluma office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 32,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
Redwood Business Park - 1385 North McDowell Blvd | 1385 North McDowell Blvd, 94954 | 55,597 | 2014 |
Redwood Business Park - 1383 North McDowell Blvd | 1383 North McDowell Blvd, 94954 | 59,500 | 2007 |
Redwood Business Center | 1383 McDowell N, 94954 | 59,500 | 2007 |
Petaluma Theatre Square | 140 2nd Street, 94952 | 37,039 | 2007 |
South McDowell Landing | 1800 McDowell Blvd, S., 94952 | 73,200 | 2006 |
South McDowell Landing | 2000-2100 Mcdowell Blvd, S., 94952 | 73,200 | 2006 |
151 Petaluma Blvd South | 151 Petaluma Blvd South, 94952 | 93,300 | 2005 |
Waterfront Office Building | 201 1st Street, 94952 | 47,063 | 2005 |
Redwood Business Park - 5401 Old Redwood Hwy | 5401 Old Redwood Hwy, 94954 | 58,440 | 2001 |
1670 Corporate Cir | 1670 Corporate Cir, 94952 | 30,000 | 2001 |
Worth noting among recent office completions on the Petaluma market is Redwood Business Park - 1385 North McDowell Blvd, which is currently the largest new office development in the city, at 55,597 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 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 Petaluma 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.