Rancho Cordova Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $21.54 2020 Avg. Asking Rent
  • -0.18% Y-o-Y Avg. Asking Rent Change
  • 18.10% 2020 Office Vacancy Rate
  • $89.4M2020 Total Office Sales
  • $180.31Avg. Sale Price/SF

Rancho Cordova office price per square foot in 2020 was $21.54 on average. This marked a -0.18% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.10% across all asset classes combined. The 6 transactions that closed here throughout 2020 amounted to a total sale volume of $89.4M. Rancho Cordova office space commanded an average sale price per square foot of $180.31.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Rancho Cordova Class A Office Space$27.13
  • Rancho Cordova Class B Office Space$21.48
  • Rancho Cordova Class C Office Space$15.94
  • California Class A Office Space$55.92
  • California Class B Office Space$35.12
  • California Class C Office Space$23.50

Rancho Cordova, CA Office Asking Rents by Class

Average office rent in Rancho Cordova rested at $21.54 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Rancho Cordova averaged $27.13 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.48 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $15.94 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.

Rancho Cordova Office Sale Price per SF

  • $180.312020 Avg. Price per SF
  • 10.87%Y-o-Y Avg. PpSF Change
  • $89.4M2020 Office Sales Volume
  • 62020 Number of Transactions

Rancho Cordova, CA Sale Price per SF Trend

  • Rancho Cordova Avg. Sale Price per SF in 2020$180.31
  • California Avg. Sale Price per SF in 2020$432.41
Rancho Cordova office space cost in 2020 marked a +10.87% change compared to the previous year. The sale price for office space in Rancho Cordova averaged $180.31 per square foot in 2020, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $432.41 per square foot.

2020 Office Sales Volume

  • Rancho Cordova, CA Total Office Sales Volume in 2020 $89.4M
  • Rancho Cordova, CA Total Number of Office Sales Closed in 2020 6
A total of 6 deals closed on the Rancho Cordova office market in 2020, adding up to a yearly sales volume of $89.4M. Notably, the largest transaction on the market saw 11150 International Drive change hands for $21,650,000 on 5/12/2020.

Largest Rancho Cordova Office Sales in 2020

Property name Address Date Price
11150 International Drive 11150 International Drive 5/12/2020 $21,650,000
Prospect Point I & II 11050 Olson Drive 5/13/2020 $20,450,000
3241 Kilgore Road 3241 Kilgore Road 7/31/2020 $20,000,000
11120 International Drive 11120 International Drive 6/8/2020 $18,750,000
Capital Corporate Center - 3330 Data Drive 3330 Data Drive 1/10/2020 $6,125,000
Data provided by Commercial Edge

2020 Office Construction in Rancho Cordova, CA

  • Rancho Cordova, CA Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Rancho Cordova office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Rancho Cordova
Office building Address SF Completed
10949 North Mather Blvd 10949 North Mather Blvd, 95670 93,807 2012
Zinfandel Place 3101 Zinfandel Drive, 95670 129,419 2009
3043 Gold Canal Drive 3043 Gold Canal Drive, 95670 27,831 2007
Stonewood Tech Center - 2721 Citrus Road 2721 Citrus Road, 95742 28,307 2005
Gold Pointe Corporate Center - Building E 11919 Foundation Place, 95670 64,584 2003
2440 Gold River Road 2440 Gold River Road, 95670 53,320 2003
Stonewood Tech Center - 2701 Citrus Road 2701 Citrus Road, 95742 28,307 2003
Prospect Corporate Center 10929 Disk Drive, 95670 158,582 2002
Gold Pointe Corporate Center - Building C 11971 Foundation Place, 95670 145,869 2002
3241 Kilgore Road 3241 Kilgore Road, 95670 102,830 2002

Worth noting among recent office completions on the Rancho Cordova market is 10949 North Mather Blvd, which is currently the largest new office development in the city, at 93,807 square feet.

Data provided by Commercial Edge

See reports for nearby markets

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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Rancho Cordova 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.