Rancho Cordova Office Market Trends

Office Rental Market

  • $21.58 2019 Avg. Asking Rent
  • 17.20 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Rancho Cordova was $21.58 per square foot, and the office vacancy rate across the market averaged 17.20 %. During 2019, developers added 0 square feet of new office space to the Rancho Cordova 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

  • Rancho Cordova Class A Office Buildings$26.56
  • Rancho Cordova Class B Office Buildings$21.51
  • Rancho Cordova Class C Office Buildings$14.85
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Rancho Cordova, CA Office Asking Rents by Class

Office asking rents vary across the Rancho Cordova office market depending on several factors, one of which is property class. While rents for Class A office buildings in Rancho Cordova averaged $26.56 per square foot in 2019, Class B office properties garnered average rental rates of $21.51 per square foot. Rental rates for Class C office property in Rancho Cordova averaged $14.85 per square foot. On a statewide level, Class B office space rents averaged $34.34 per square foot, while rents for Class A office space across California averaged $51.59 per square foot. On average, Class C office properties in California commanded rents of $22.62 per square foot.

OFFICE CONSTRUCTION IN Rancho Cordova, CA

  • Rancho Cordova, CA Total Sqft completed in 2019 0
  • Rancho Cordova, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Rancho Cordova
Building name Address Total Sqft Year built
VSP Headquarters 3333 Quality Drive, 95670 372,311 1993
Capital Center II 11040 White Rock Road, 95670 314,173 1984
Capital Center III 11010 White Rock Road, 95670 217,267 1984
Bank of America Regional Headquarters 10850 White Rock Road, 95670 187,875 1997
10730-10734 International Drive 10730 International Drive, 95670 178,555 2001
Zinfandel I & II 3300 Zinfandel Drive, 95670 174,459 1997
3366 Quality Drive 3366 Quality Drive, 95670 162,023 1996
Prospect Corporate Center 10929 Disk Drive, 95670 158,582 2002
Prospect Park Commons 10989 Trade Center Drive, 95670 153,870 1985
3400 Data Drive 3400 Data Drive, 95670 149,703 1989
Largest Office Properties Recently Completed in Rancho Cordova
Office building Address Sqft 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
11919 Foundation Place 11919 Foundation Place, 95670 63,202 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
Data provided by Commercial Edge

Office Spaces for Rent in California

RANCHO CORDOVA OFFICE SALES TRENDS

  • $162.632019 Avg. Price per Sqft
  • 15.76 %Y-o-Y Avg. PpSF Change
  • $176.6M2019 Office Sales Volume
  • 92019 Number of Transactions

In 2019, office sales in Rancho Cordova averaged $162.63 per square foot. This marked a 15.76 % increase in office price per square foot, compared to the previous year. A total of 9 office sales closed on the Rancho Cordova office market in 2019, amounting to a total sales volume of $176.6M.

Average Office Sale Price per Sqft

Rancho Cordova, CA Sales Trends

  • Rancho Cordova Price per Sqft$162.63
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Rancho Cordova, CA Total Office Sales Volume in 2019 $176.6M
  • Rancho Cordova, CA Total Number of Office Sales Closed in 2019 9

Largest Rancho Cordova Office Sales in 2019

Property name Address Date Price
10730-10734 International Drive 10730 International Drive 2/1/2019 $37,000,000
3068 Kilgore Road 3068 Kilgore Road 10/16/2019 $25,200,000
2868 Prospect Park Drive 2868 Prospect Park Drive 7/19/2019 $25,000,000
Prospect Corporate Center 10929 Disk Drive 11/1/2019 $23,000,000
Prospect West Business Park 2882 Prospect Park Drive 9/9/2019 $20,700,000
Data provided by Commercial Edge

See trends for nearby markets

The Rancho Cordova office market contains an inventory of 7,168,802 square feet of office space, in 107 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 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.