2024 Office Space Rent & Sales
- $28.61 2024 Avg. Asking Rent
- 22.15% 2024 Office Vacancy Rate
San Marcos office price per square foot in 2024 was $28.61 on average. The local office market recorded an average vacancy rate of 22.15% 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 Marcos, CA Office Asking Rents by Class
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2024 Office Construction in San Marcos, CA
- San Marcos, CA Total SF under construction in 2025 134,572
| Office building | Address | SF | Completed |
|---|---|---|---|
| Nordahl Medical Center | 838 Nordahl Road, 92069 | 57,208 | 2009 |
| 500 South Rancho Santa Fe Road | 500 South Rancho Santa Fe Road, 92078 | 84,000 | 2006 |
| San Marcos Gateway | 100 East San Marcos Blvd, 92069 | 64,981 | 2003 |
| North County Corporate Center | 277 Rancheros Drive, 92069 | 52,785 | 2000 |
| Rancheros Commercial Park | 570 Rancheros Drive, 92069 | 45,327 | 1992 |
| Richland Professional Center | 751 Rancheros Dr, 92069 | 17,534 | 1982 |
| San Marcos Ambulatory Care Center | 120 Craven Rd., 92078 | 45,128 | 1980 |
| 362 Mulberry Dr | 362 Mulberry Dr, 92069 | 9,022 | 1980 |
| 910 W San Marcos Blvd | 910 W San Marcos Blvd, 92078 | 17,050 | 1979 |
Worth noting among recent office completions on the San Marcos market is Nordahl Medical Center, which is currently the largest new office development in the city, at 57,208 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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all San Marcos 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 Yardi Research Data can guarantee that the information provided is complete.