2024 Office Space Rent & Sales
- $25.45 2024 Avg. Asking Rent
- 2.63% Y-o-Y Avg. Asking Rent Change
- 35.68% 2024 Office Vacancy Rate
Petaluma office price per square foot in 2024 was $25.45 on average. This marked a +2.63% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 35.68% 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
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Petaluma, CA Office Asking Rents by Class
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2024 Office Construction in Petaluma, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Redwood Medical Center | 1383 North McDowell Blvd, 94954 | 58,299 | 2007 |
| Technology Lane Business Center | 1435-1445 Technology Ln, 94954 | 39,443 | 2007 |
| South McDowell Landing | 2000-2100 Mcdowell Blvd, S., 94952 | 73,200 | 2006 |
| South McDowell Landing | 1800 McDowell Blvd, S., 94952 | 73,200 | 2006 |
| 3100 Lakeville Hwy | 3100 Lakeville Hwy, 94954 | 17,383 | 2005 |
| 3820 Cypress Dr #1 | 3820 Cypress Dr #1, 94954 | 1,873 | 2005 |
| 1450 Technology Lane | 1450 Technology Lane, 94954 | 128,272 | 2001 |
| Redwood Business Park - 5401 Old Redwood Hwy | 5401 Old Redwood Hwy, 94954 | 58,440 | 2001 |
| 800 Lindberg Lane | 800 Lindberg Lane, 94952 | 36,000 | 2001 |
| 1670 Corporate Cir | 1670 Corporate Cir, 94952 | 30,000 | 2001 |
Worth noting among recent office completions on the Petaluma market is Redwood Medical Center, which is currently the largest new office development in the city, at 58,299 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.