Santa Cruz Office Market Trends

Office Rental Market

  • $24.34 2019 Avg. Asking Rent
  • 11.77 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Santa Cruz was $24.34 per square foot, and the office vacancy rate across the market averaged 11.77 %. During 2019, developers added 0 square feet of new office space to the Santa Cruz market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Santa Cruz Class A Office Buildings$30.18
  • Santa Cruz Class B Office Buildings$24.31
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Santa Cruz, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Santa Cruz, CA

  • Santa Cruz, CA Total Sqft completed in 2019 0
  • Santa Cruz, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Santa Cruz
Building name Address Total Sqft Year built
Cooper House 110 Cooper Street, 95060 96,879 1999
University Town Center 1101 Pacific Avenue, 95060 85,338 2000
2025 Soquel Avenue 2025 Soquel Avenue, 95062 67,536 1980
E. C. Rittenhouse Building 101 Church Street, 95060 61,937 2008
1200 Pacific Avenue 1200 Pacific Avenue, 95060 55,000 1998
The Galleria 740 Front Street, 95060 50,648 1984
1330 & 1340 West Middlefield Road 1330 West Middlefield Road, 94043 50,000 1975
877 Cedar Street 877 Cedar Street, 95060 45,000 1966
Cooper House 110 Cooper St/1384-86 Pacific, 95060 44,143 1999
550 Water Street 550 Water Street, 95060 40,254 1964
Largest Office Properties Recently Completed in Santa Cruz
Office building Address Sqft Completed
E. C. Rittenhouse Building 101 Church Street, 95060 61,937 2008
University Town Center 1101 Pacific Avenue, 95060 85,338 2000
Cooper House 110 Cooper Street, 95060 96,879 1999
1200 Pacific Avenue 1200 Pacific Avenue, 95060 55,000 1998
100 Pioneer Street 100 Pioneer Street, 95060 26,308 1991
1414 Soquel Avenue 1414 Soquel Avenue, 95062 25,371 1988
The Galleria 740 Front Street, 95060 50,648 1984
2025 Soquel Avenue 2025 Soquel Avenue, 95062 67,536 1980
2161 Delaware Avenue 2161 Delaware Avenue, 95060 31,600 1977
1212 Terra Bella Avenue 1212 Terra Bella Avenue, 94043 37,166 1976
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Santa Cruz office market contains an inventory of 950,731 square feet of office space, in 37 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Santa Cruz 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.