2020 Office Space Rent & Sales
- $26.56 2020 Avg. Asking Rent
- 7.57 % Y-o-Y Avg. Asking Rent Change
- 7.98 % 2020 Office Vacancy Rate
Ontario office price per square foot in 2020 was $26.56 on average. This marked a +7.57 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.98 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Ontario Class A Office Space$29.48
- Ontario Class B Office Space$23.68
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Ontario, CA Office Asking Rents by Class
2020 Office Construction in Ontario, CA
|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|
Worth noting among recent office completions on the Ontario market is Ontario Airport Corporate Park, which is currently the largest new office development in the city, at 99,898 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 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.