San Bernardino Office Market Trends

Office Rental Market

  • $21.87 2019 Avg. Asking Rent
  • 13.59 % 2019 Avg. Vacancy Rate
  • 153,029 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in San Bernardino was $21.87 per square foot, and the office vacancy rate across the market averaged 13.59 %. During 2019, developers added 153,029 square feet of new office space to the San Bernardino 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

  • San Bernardino Class A Office Buildings$25.73
  • San Bernardino Class B Office Buildings$21.45
  • San Bernardino Class C Office Buildings$16.00
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

San Bernardino, CA Office Asking Rents by Class

Office asking rents vary across the San Bernardino office market depending on several factors, one of which is property class. While rents for Class A office buildings in San Bernardino averaged $25.73 per square foot in 2019, Class B office properties garnered average rental rates of $21.45 per square foot. Rental rates for Class C office property in San Bernardino averaged $16.00 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 San Bernardino, CA

  • San Bernardino, CA Total Sqft completed in 2019 153,029
  • San Bernardino, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in San Bernardino
Building name Address Total Sqft Year built
The Club Center 295 East Caroline Street, 92408 211,900 1990
Inland Regional Center 1365 South Waterman Avenue, 92408 200,000 2008
Loma Linda University Shared Services Building 197 East Caroline Street, 92408 153,029 2019
St. Bernardine Medical Plazas 399 East Highland Avenue, 92404 135,800 1971
Vanir Tower 290 North D Street, 92401 132,482 1974
4680 Hallmark Pkwy 4680 Hallmark Pkwy, 92407 120,486 1998
Tri-City Corporate Centre - Vanderbilt Plaza 451 East Vanderbilt Way, 92408 114,707 2005
Tri-City Corporate Centre - Lakeside Tower 650 East Hospitality Lane, 92408 112,716 1989
Tri-City Corporate Centre - One Carnegie Plaza 621 East Carnegie Drive, 92408 107,278 1987
Tri-City Corporate Centre - Brier Corporate Centre 862 East Hospitality Lane, 92408 104,501 2006
Largest Office Properties Recently Completed in San Bernardino
Office building Address Sqft Completed
Loma Linda University Shared Services Building 197 East Caroline Street, 92408 153,029 2019
1094 South E Street 1094 South E Street, 92415 48,454 2014
Inland Regional Center 1365 South Waterman Avenue, 92408 200,000 2008
Tri-City Corporate Centre - North River Place 658 East Brier Drive, 92408 71,157 2008
265 East 4th Street 265 East 4th Street, 92415 50,082 2008
Tri-City Corporate Centre - Three Parkside 473 East Carnegie Drive, 92408 30,322 2008
Inland Family Community Health Center 665 North D Street, 92401 27,600 2008
995 Hardt Street 995 Hardt Street, 92408 39,000 2007
Tri-City Corporate Centre - Brier Corporate Centre 862 East Hospitality Lane, 92408 104,501 2006
Summit At Tri City 412 East Vanderbilt Way, 92408 97,340 2006
Data provided by Commercial Edge

Office Spaces for Rent in California

SAN BERNARDINO OFFICE SALES TRENDS

  • $303.482019 Avg. Price per Sqft
  • 134.67 %Y-o-Y Avg. PpSF Change
  • $80.4M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in San Bernardino averaged $303.48 per square foot. This marked a 134.67 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the San Bernardino office market in 2019, amounting to a total sales volume of $80.4M.

Average Office Sale Price per Sqft

San Bernardino, CA Sales Trends

  • San Bernardino Price per Sqft$303.48
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • San Bernardino, CA Total Office Sales Volume in 2019 $80.4M
  • San Bernardino, CA Total Number of Office Sales Closed in 2019 3

Largest San Bernardino Office Sales in 2019

Property name Address Date Price
655 West Rialto Avenue 655 West Rialto Avenue 4/1/2019 $18,400,000
Tri-City Corporate Centre - Vanderbilt Plaza 451 East Vanderbilt Way 10/11/2019 $17,658,000
Tri-City Corporate Centre - One Carnegie Plaza 621 East Carnegie Drive 10/11/2019 $12,564,000
Tri-City Corporate Centre - North Court Plaza 674 East Brier Drive 10/16/2019 $11,253,340
Tri-City Corporate Centre - Carnegie Business Centre I 636 East Brier Drive 10/16/2019 $9,070,663
Data provided by Commercial Edge

The San Bernardino office market contains an inventory of 4,549,247 square feet of office space, in 94 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 San Bernardino 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.