2020 Office Space Rent & Sales
- $21.06 2020 Avg. Asking Rent
- 4.34 % 2020 Office Vacancy Rate
Redlands office price per square foot in 2020 was $21.06 on average. The local office market recorded an average vacancy rate of 4.34 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Redlands Class B Office Space$21.06
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Redlands, CA Office Asking Rents by Class
2020 Office Construction in Redlands, CA
- Redlands, CA Total Sqft completed in 2020
- Redlands, CA Total Sqft under construction in 2021 110,479
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Redlands office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 110,479 square feet of office space to the market, before year-end.
|ESRI Corporate Headquarters Campus - Expansion||380 New York Street, 92373||110,479||2021|
|VA Loma Linda Ambulatory Care Center||26001 Redlands Blvd, 92354||327,641||2016|
|1811 West Lugonia Street||1811 West Lugonia Street, 92374||26,808||2013|
|Loma Linda Behavioral Health Institute||1686 Barton Road, 92373||44,226||2009|
|Kaiser Permanente Redlands Medical Offices||1301 California Street, 92374||121,035||2008|
|1805-1885 West Redlands Blvd||1805 West Redlands Blvd, 92373||104,207||2008|
|Ford Office Plaza||1461 Ford Street, 92373||66,434||2008|
|Oasis Medical Plaza||1690 Barton Road, 92373||41,000||2008|
|1845 W. Redlands Blvd.||1845 W. Redlands Blvd., 92373||2,709||2008|
|Park Plaza||1776 West Park Avenue, 92373||53,972||2007|
Worth noting among recent office completions on the Redlands market is ESRI Corporate Headquarters Campus - Expansion, which is currently the largest new office development in the city, at 110,479 square feet.
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 Redlands 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.