2020 Office Space Rent & Sales
- $25.23 2020 Avg. Asking Rent
- 4.28% Y-o-Y Avg. Asking Rent Change
- 17.95% 2020 Office Vacancy Rate
San Ramon office price per square foot in 2020 was $25.23 on average. This marked a +4.28% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.95% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- San Ramon Class A Office Space$24.32
- San Ramon Class B Office Space$31.37
- San Ramon Class C Office Space$18.78
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
San Ramon, CA Office Asking Rents by Class
Average office rent in San Ramon rested at $25.23 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in San Ramon averaged $24.32 per square foot. Across all submarkets, class B office space recorded an average asking rent of $31.37 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $18.78 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.
2020 Office Construction in San Ramon, CA
- San Ramon, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the San Ramon office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Bishop Ranch 1 - 6121 Bollinger Canyon Road | 6121 Bollinger Canyon Road, 94583 | 249,045 | 2003 |
| Bishop Ranch 1 - 6111 Bollinger Canyon Road | 6111 Bollinger Canyon Road, 94583 | 249,045 | 2002 |
| Bishop Ranch 1 - 6101 Bollinger Canyon Road | 6101 Bollinger Canyon Road, 94583 | 249,045 | 2001 |
| 5801 Norris Canyon Road | 5801 Norris Canyon Road, 94583 | 34,703 | 2001 |
| Bishop Ranch 3 - 2623 Camino Ramon | 2623 Camino Ramon, 94583 | 233,674 | 2000 |
| Bishop Ranch 3 - 2633 Camino Ramon | 2633 Camino Ramon, 94583 | 233,674 | 2000 |
| Bishop Ranch 3 - 2613 Camino Ramon | 2613 Camino Ramon, 94583 | 233,674 | 1999 |
| 2001 Crow Canyon Road | 2001 Crow Canyon Road, 94583 | 39,755 | 1999 |
| Bishop Ranch 3 - 2603 Camino Ramon | 2603 Camino Ramon, 94583 | 233,674 | 1998 |
| Bishop Ranch 9 | 2409 Camino Ramon, 94583 | 95,063 | 1998 |
Worth noting among recent office completions on the San Ramon market is Bishop Ranch 1 - 6121 Bollinger Canyon Road, which is currently the largest new office development in the city, at 249,045 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 San Ramon 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.