Pleasanton Office Market Trends

Office Rental Market

  • $32.10 2019 Avg. Asking Rent
  • 11.73 % 2019 Avg. Vacancy Rate
  • 410,000 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Pleasanton was $32.10 per square foot, and the office vacancy rate across the market averaged 11.73 %. During 2019, developers added 410,000 square feet of new office space to the Pleasanton market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Pleasanton Class A Office Buildings$35.51
  • Pleasanton Class B Office Buildings$30.82
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Pleasanton, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Pleasanton, CA

  • Pleasanton, CA Total Sqft completed in 2019 410,000
  • Pleasanton, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Pleasanton
Building name Address Total Sqft Year built
Rosewood Commons - Buildings 1-3 & 5-6 4400 Rosewood Drive, 94588 848,771 1989
6110 Stoneridge Mall Road 6110 Stoneridge Mall Road, 94588 410,000 2019
Roche Campus 4300 Hacienda Drive, 94588 386,929 1998
Pleasanton Center 4900 Johnson Drive, 94588 357,388 1992
Hacienda Terrace 4309 Hacienda Drive, 94588 303,266 1985
Britannia Business Center I 4125 Hopyard Road, 94588 296,913 1997
Rosewood Commons 4430 Rosewood Dr, 94588 242,263 1988
5880 & 5890 Owens Drive 5880 Owens Drive, 94588 239,112 2002
5928 Stoneridge Mall Road 5928 Stoneridge Mall Road, 94588 209,000 2001
Hacienda West 3825 Hopyard Road, 94588 208,883 1987
Largest Office Properties Recently Completed in Pleasanton
Office building Address Sqft Completed
6110 Stoneridge Mall Road 6110 Stoneridge Mall Road, 94588 410,000 2019
5815 Owens Drive 5815 Owens Drive, 94588 185,702 2009
Vision West Commerce Centre 405 Boulder Court, 94566 70,610 2009
Applied Biosystems - 6085 Sunol Blvd 6085 Sunol Blvd, 94566 189,499 2003
5805 Owens Drive 5805 Owens Drive, 94588 185,702 2003
Hacienda Business Park - Hopyard Plaza 5075 Hopyard Road, 94588 44,250 2003
5880 & 5890 Owens Drive 5880 Owens Drive, 94588 239,112 2002
Pleasanton Corporate Commons - 6230 6230 Stoneridge Mall Road, 94588 148,902 2002
Pleasanton Corporate Commons - 6220 6220 Stoneridge Mall Road, 94588 148,902 2002
Pleasanton Corporate Commons - 6210 6210 Stoneridge Mall Road, 94588 148,902 2002
Data provided by Commercial Edge

Office Spaces for Rent in California

PLEASANTON OFFICE SALES TRENDS

  • $277.232019 Avg. Price per Sqft
  • 88.84 %Y-o-Y Avg. PpSF Change
  • $88.3M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Pleasanton averaged $277.23 per square foot. This marked a 88.84 % increase in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Pleasanton office market in 2019, amounting to a total sales volume of $88.3M.

Average Office Sale Price per Sqft

Pleasanton, CA Sales Trends

  • Pleasanton Price per Sqft$277.23
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Pleasanton, CA Total Office Sales Volume in 2019 $88.3M
  • Pleasanton, CA Total Number of Office Sales Closed in 2019 4

Largest Pleasanton Office Sales in 2019

Property name Address Date Price
Arbor 5860 West Las Positas Blvd 9/27/2019 $28,700,000
Hacienda Business Park - Sunol Center III 5669 Gibraltar Drive 8/6/2019 $23,000,000
Hacienda Business Park - 4750 Willow Road 4750 Willow Road 3/26/2019 $14,750,000
Hacienda Business Park - 5672 Stoneridge Drive 5672 Stoneridge Drive 9/20/2019 $11,525,000
Hacienda Business Park - Sunol Center II 5675 Gibraltar Drive 8/6/2019 $10,300,000
Data provided by Commercial Edge

See trends for nearby markets

The Pleasanton office market contains an inventory of 12,110,690 square feet of office space, in 178 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Pleasanton 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.