Ontario Office Market Trends

Office Rental Market

  • $24.69 2019 Avg. Asking Rent
  • 9.06 % 2019 Avg. Vacancy Rate
  • 79,455 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Ontario was $24.69 per square foot, and the office vacancy rate across the market averaged 9.06 %. During 2019, developers added 79,455 square feet of new office space to the Ontario 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

  • Ontario Class A Office Buildings$27.72
  • Ontario Class B Office Buildings$22.25
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Ontario, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Ontario, CA

  • Ontario, CA Total Sqft completed in 2019 79,455
  • Ontario, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Ontario
Building name Address Total Sqft Year built
Transpark Office Center 2910 Inland Empire Blvd, 91764 209,972 1981
Jurupa Business Center 4120 East Jurupa Street, 91761 189,756 2001
Empire Towers I 3633 Inland Empire Blvd, 91764 177,515 1990
One Lakeshore Centre 3281 East Guasti Road, 91761 176,207 1992
Kaiser Permanente Ontario Medical Center - Medical Office Building D 2295 South Vineyard Avenue, 91761 160,000 2010
Ontario Airport Tower 2855 East Guasti Road, 91761 149,946 2008
Waterside Center II 3210 East Guasti Road, 91761 142,602 2008
Kaiser Permanente Ontario Medical Center - Medical Office Building A 2295 South Vineyard Avenue, 91761 131,000 2005
Parkway Business Center 4710 Ontario Mills Pkwy, 91764 125,000 2009
4755 East Philadelphia Street 4755 East Philadelphia Street, 91761 124,674 2003
Largest Office Properties Recently Completed in Ontario
Office building Address Sqft Completed
Prime Healthcare Headquarters 3480 East Guasti Road, 91761 79,455 2019
SEC Euclid 150 East Holt Blvd, 91761 57,885 2014
4580 Ontario Mills Pkwy 4580 Ontario Mills Pkwy, 91764 50,000 2013
Kaiser Permanente Ontario Medical Center - Medical Office Building D 2295 South Vineyard Avenue, 91761 160,000 2010
Parkway Business Center 4710 Ontario Mills Pkwy, 91764 125,000 2009
Ontario Airport Corporate Park 1795 East Holt Blvd, 91761 99,898 2009
Ontario Airport Tower 2855 East Guasti Road, 91761 149,946 2008
Waterside Center II 3210 East Guasti Road, 91761 142,602 2008
4550 Ontario Mills Pkwy 4550 Ontario Mills Pkwy, 91764 26,496 2008
Empire Towers V 3990 Concours Street, 91764 124,529 2007
Data provided by Commercial Edge

Office Spaces for Rent in California

ONTARIO OFFICE SALES TRENDS

  • $135.972019 Avg. Price per Sqft
  • -30.86 %Y-o-Y Avg. PpSF Change
  • $56M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Ontario averaged $135.97 per square foot. This marked a -30.86 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Ontario office market in 2019, amounting to a total sales volume of $56M.

Average Office Sale Price per Sqft

Ontario, CA Sales Trends

  • Ontario Price per Sqft$135.97
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Ontario, CA Total Office Sales Volume in 2019 $56M
  • Ontario, CA Total Number of Office Sales Closed in 2019 3

Largest Ontario Office Sales in 2019

Property name Address Date Price
Waterside Center III 3110 East Guasti Road 12/10/2019 $22,100,000
Waterside Center I 3200 East Guasti Road 12/10/2019 $16,500,000
New Pointe Plaza 3350 Shelby Street 3/13/2019 $9,700,000
Ferrari Corporate Center - 4150 Concours Street 4150 Concours Street 1/2/2019 $7,700,000
Data provided by Commercial Edge

See trends for nearby markets

The Ontario office market contains an inventory of 4,520,264 square feet of office space, in 99 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 Ontario 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.