Santa Ana Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Santa Ana is $36.48 per square foot, 13.39% higher compared to the previous year.
  • The market’s vacancy rate stands at 16.63%, lower than the state average of California, which is 18.44%.

2025 Office Space Rent & Sales

  • $36.48 2025 Avg. Asking Rent
  • 13.39% Y-o-Y Avg. Asking Rent Change
  • 16.63% 2025 Office Vacancy Rate
  • $85.5M2025 Total Office Sales
  • $179.62Avg. Sale Price/SF

What is the average asking rent price for office space in Santa Ana?

Average asking rents for office space here stand at $36.48 per square foot. The local office market recorded an average vacancy rate of 16.63% in 2025, unchanged from 16.63% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $85.5M across 6 sales. These transactions commanded an average sale price per square foot of $179.62.

Santa Ana, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in Santa Ana?

  • Avg. Asking Rent Class A & A+$39.53
  • Avg. Asking Rent Class B$26.37

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.

Santa Ana, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Santa Ana was Irvine Business Complex at 12.00%. Meanwhile, the highest office vacancy rate in the market was 19.31%, recorded in Santa Ana.
Submarket Asking Rents Vacancy Rates
Tustin $39.28 16.93%
Santa Ana $37.73 19.31%
Irvine Business Complex $32.96 12.00%
South Coast Metro $28.61 16.27%
St. Joseph Center $28.20 13.49%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $179.622025 Avg. Price per SF
  • -7.70%Y-o-Y Avg. PpSF Change
  • $85.5M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Santa Ana?

Average sale prices for office space in this market recorded a -7.70% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $179.62 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Santa Ana, CA Sale Price per SF Trend

  • Santa Ana Avg. Sale Price per SF in 2025$179.62
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Santa Ana in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $85.5M.

  • Santa Ana, CA Total Office Sales Volume in 2025 $85.5M
  • Santa Ana, CA Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

What are the largest recent office completions in Santa Ana?

The largest recent office completion here is MainPlace Mall at 923,020 square feet, completed in 1987. The next largest completions are Tower 1851 and Griffin Towers - 5 Hutton Centre Drive.

Office building Address SF Completed
Rafferty 401 North Main Street, 92701 12,700 2024
CLASS A MEDICAL/OFFICE SPACE – ABUNDANT PARKING - BRISTOL 1306 W Santa Ana Blvd, 92703 8,415 2024
Parkcenter Plaza 601 North Parkcenter Drive, 92705 29,439 2012
Twin Towers at MacArthur Place - 1 MacArthur Place 1 MacArthur Place, 92707 204,009 2001
Tustin Centre I 1551 North Tustin Avenue, 92705 196,458 1991
Alton Deere Plaza 1920 East Deere Avenue, 92705 182,030 1990
Tower 1851 1851 East 1st Street, 92705 321,836 1988
McFadden Plaza 2000 East McFadden Avenue, 92705 60,000 1988
MainPlace Mall 2800 North Main Street, 92705 923,020 1987
Griffin Towers - 5 Hutton Centre Drive 5 Hutton Centre Drive, 92707 280,219 1987
Data provided by Yardi Research

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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.