2024 Office Space Rent & Sales
- $25.44 2024 Avg. Asking Rent
- 2.82% 2024 Office Vacancy Rate
San Luis Obispo office price per square foot in 2024 was $25.44 on average. The local office market recorded an average vacancy rate of 2.82% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
San Luis Obispo, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2024 Office Construction in San Luis Obispo, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Downtown Class A Office Building 8,340 SF - Owner/User Opportunity | 1327 Archer Ave, 93401 | 8,340 | 2010 |
| Tank Farm Office Park - 689 Tank Farm Road | 689 Tank Farm Road, 93401 | 28,000 | 2006 |
| Palm Court | 2705 McMillan Avenue, 93401 | 27,609 | 1990 |
| Marsh Street Pavilions | 1411 Marsh Street, 93401 | 27,410 | 1988 |
| Bishop Medical Center | 1551 Bishop Street, 93401 | 33,289 | 1987 |
| 71 Zaca Ln | 71 Zaca Ln, 93401 | 11,697 | 1987 |
| Piuma Building | 599 Higuera St, 93401 | 10,022 | 1986 |
| Westwinds Business Park | 265 South Street, 93401 | 57,929 | 1985 |
| The Promontory | 406 Higuera Street, 93401 | 45,000 | 1983 |
| 860 Walnut St | 860 Walnut St, 93401 | 1,100 | 1983 |
Worth noting among recent office completions on the San Luis Obispo market is Downtown Class A Office Building 8,340 SF - Owner/User Opportunity, which is currently the largest new office development in the city, at 8,340 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all San Luis Obispo 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.