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Santa Ana Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $28.11 2020 Avg. Asking Rent
  • -0.86% Y-o-Y Avg. Asking Rent Change
  • 17.37% 2020 Office Vacancy Rate

Santa Ana office price per square foot in 2020 was $28.11 on average. This marked a -0.86% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.37% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Santa Ana Class A Office Space$33.12
  • Santa Ana Class B Office Space$26.47
  • Santa Ana Class C Office Space$23.08
  • California Class A Office Space$55.92
  • California Class B Office Space$35.12
  • California Class C Office Space$23.50

Santa Ana, CA Office Asking Rents by Class

Average office rent in Santa Ana rested at $28.11 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 Santa Ana averaged $33.12 per square foot. Across all submarkets, class B office space recorded an average asking rent of $26.47 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $23.08 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 Vacancy Rates in Santa Ana

Submarket Asking Rents Vacancy Rates
South Coast Metro $30.56 23.23%
Santa Ana $27.76 13.90%
Irvine Business Complex $25.75 14.52%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Santa Ana market was 17.37% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Santa Ana was 13.90% in the Santa Ana submarket, while the highest office vacancy in the market was 23.23%, recorded in South Coast Metro.

Office Spaces for Rent in California

  • Los Angeles Office Space
  • East Bay Office Space
  • San Diego Office Space
  • San Francisco Office Space
  • San Jose Office Space
  • Sacramento Office Space
  • Irvine Office Space
  • Fresno Office Space
  • Sunnyvale Office Space
  • Santa Clara Office Space
  • Oakland Office Space

2020 Office Construction in Santa Ana, CA

  • Santa Ana, 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 Santa Ana office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Santa Ana
Office building Address SF Completed
Park & Paseo - Office 1951 East Dyer Road, 92705 73,000 2022
Olen Parkcenter Plaza 601 North Parkcenter Drive, 92705 29,439 2012
Tustin Centre II 1525 North Tustin Avenue, 92705 82,042 2010
Santa Ana Medical Office Building 2212 East 4th Street, 92705 56,800 2008
First American Corporation World Headquarters - 4 & 5 First American Way 4 First American Way, 92707 275,000 2006
1900 East 1st Street 1900 East 1st Street, 92705 38,866 2004
17th Street Office Park 1575 East 17th Street, 92705 57,000 2002
Old Santa Ana City Hall 217 North Main Street, 92701 35,100 2002
Richman Professional Center 2090 NE Tustin Avenue, 92705 25,000 2002
Twin Towers at MacArthur Place - 2 MacArthur Place 2 MacArthur Place, 92707 208,041 2001

Worth noting among recent office completions on the Santa Ana market is Park & Paseo - Office, which is currently the largest new office development in the city, at 73,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • Irvine Office Rent Price
  • Newport Beach Office Rent Price
  • Riverside Office Rent Price
  • Long Beach Office Rent Price
  • Torrance Office Rent Price
  • Costa Mesa Office Rent Price
  • Anaheim Office Rent Price
  • Rancho Cucamonga Office Rent Price

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 Santa Ana 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.

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