Office Rental Market
- $24.26 2019 Avg. Asking Rent
- 11.40 % 2019 Avg. Vacancy Rate
- 469,000 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Roseville Class A Office Buildings$28.22
- Roseville Class B Office Buildings$23.57
- Roseville Class C Office Buildings$21.78
- CA Class A Office Buildings$51.59
- CA Class B Office Buildings$34.34
- CA Class C Office Buildings$22.62
Roseville, CA Office Asking Rents by Class
Office asking rents vary across the Roseville office market depending on several factors, one of which is property class. While rents for Class A office buildings in Roseville averaged $28.22 per square foot in 2019, Class B office properties garnered average rental rates of $23.57 per square foot. Rental rates for Class C office property in Roseville averaged $21.78 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 Roseville, CA
- Roseville, CA Total Sqft completed in 2019 469,000
- Roseville, CA Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
Adventist Health Headquarters | 1 Adventist Health Way, 95661 | 275,000 | 2019 |
Kaiser Permanente Roseville Medical Center - Medical Office Building 2 | 1600 Eureka Road, 95661 | 270,000 | 2008 |
Roseville Innovation Center - R5 | 8050 Foothills Blvd, 95747-6505 | 241,455 | 1979 |
Kaiser Permanente Riverside Medical Office Building | 1001 Riverside Avenue, 95678 | 210,000 | 2019 |
Junction Crossing | 8150 Industrial Avenue, 95678 | 207,782 | 1993 |
South Placer Business Park | 1380 Lead Hill Blvd, 95661 | 204,010 | 1992 |
Roseville Innovation Park - 620 Roseville Pkwy | 620 Roseville Pkwy, 95747 | 200,928 | 1995 |
Olympus Corporate Centre | 3001 Douglas Blvd, 95661 | 195,625 | 1992 |
199 North Sunrise Avenue | 199 North Sunrise Avenue, 95661 | 168,555 | 1980 |
Stanford Ranch Office Plaza | 2201 Plaza Drive, 95765 | 164,462 | 2003 |
Office building | Address | Sqft | Completed |
---|---|---|---|
Adventist Health Headquarters | 1 Adventist Health Way, 95661 | 275,000 | 2019 |
Kaiser Permanente Riverside Medical Office Building | 1001 Riverside Avenue, 95678 | 210,000 | 2019 |
2001 Freedom Way | 2001 Freedom Way, 95678 | 119,434 | 2016 |
316 Vernon Street | 316 Vernon Street, 95678 | 82,000 | 2016 |
8 Medical Plaza Drive | 8 Medical Plaza Drive, 95661 | 60,000 | 2016 |
1700 Freedom Way | 1700 Freedom Way, 95678 | 50,000 | 2016 |
Kaiser Permanente Roseville Medical Center - Medical Office Building 2 | 1600 Eureka Road, 95661 | 270,000 | 2008 |
Stone Point Corporate Center | 1478 Stone Point Drive, 95661 | 117,032 | 2008 |
Highland Pointe - 915 Highland Pointe Drive | 915 Highland Pointe Drive, 95678 | 115,341 | 2008 |
Blue Oaks Plaza | 10000 Foothills Blvd, 95747 | 97,727 | 2008 |
ROSEVILLE OFFICE SALES TRENDS
- $204.722019 Avg. Price per Sqft
- 19.53 %Y-o-Y Avg. PpSF Change
- $150.3M2019 Office Sales Volume
- 62019 Number of Transactions
In 2019, office sales in Roseville averaged $204.72 per square foot. This marked a 19.53 % increase in office price per square foot, compared to the previous year. A total of 6 office sales closed on the Roseville office market in 2019, amounting to a total sales volume of $150.3M.
Average Office Sale Price per Sqft
Roseville, CA Sales Trends
- Roseville Price per Sqft$204.72
- California Price per Sqft$437.86
Office Sales - Trend and Volume
- Roseville, CA Total Office Sales Volume in 2019 $150.3M
- Roseville, CA Total Number of Office Sales Closed in 2019 6
Largest Roseville Office Sales in 2019
Property name | Address | Date | Price |
---|---|---|---|
Parkway Corporate Plaza - 1620 East Roseville Pkwy | 1620 East Roseville Pkwy | 2/14/2019 | $27,819,990 |
Stoneview Plaza | 3001 Lava Ridge Court | 8/22/2019 | $24,900,000 |
Parkway Corporate Plaza - 1660 East Roseville Pkwy | 1660 East Roseville Pkwy | 2/14/2019 | $20,275,120 |
Johnson Ranch | 2220 Douglas Blvd | 11/13/2019 | $19,780,000 |
101 Creekside Ridge Court | 101 Creekside Ridge Court | 12/10/2019 | $16,000,000 |
See trends for nearby markets
The Roseville office market contains an inventory of 8,556,788 square feet of office space, in 219 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 Roseville 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.