Highlights
- The average rent for office space in San Luis Obispo is $26.43 per square foot, 3.89% higher compared to the previous year.
- The market’s vacancy rate stands at 5.38%, lower than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $26.43 2025 Avg. Asking Rent
- 3.89% Y-o-Y Avg. Asking Rent Change
- 5.38% 2025 Office Vacancy Rate
What is the average asking rent price for office space in San Luis Obispo?
Average asking rents for office space here stand at $26.43 per square foot. The local office market recorded an average vacancy rate of 5.38% in 2025, unchanged from 5.38% in 2024.
San Luis Obispo, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
Office Construction in San Luis Obispo, CA
What are the largest recent office completions in San Luis Obispo?
The largest recent office completion here is Marigold Center at 174,471 square feet, completed in 1997. The next largest completions are 4460-4484 Broad Street and 705 & 709 Fiero Lane.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 512 SF First-Floor Professional Office Condo in Downtown San Luis Obispo | 433 Marsh St, 93401 | 512 | 2021 |
| 1135 Santa Rosa | 1135 Santa Rosa, 93401 | 5,403 | 2017 |
| Railroad Square Business Park | 1880 Santa Barbara Ave, 93401 | 11,295 | 2012 |
| 4460-4484 Broad Street | 4460 Broad Street, 93401 | 67,487 | 2008 |
| 3240 Broad St | 3240 Broad St #100, 93401 | 4,652 | 2004 |
| Higuera Center | 100 Cross Street, 93401 | 40,586 | 2001 |
| 3426 Empresa Dr #100 | 3426 Empresa Dr #100, 93401 | 7,646 | 2001 |
| 755 & 775 Fiero Lane | 775 Fiero Lane, 93401 | 48,641 | 2000 |
| Marigold Center | 3870 Broad Street, 93401 | 174,471 | 1997 |
| 705 & 709 Fiero Lane | 705 Fiero Lane, 93401 | 56,160 | 1994 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.