Tustin Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $28.95 2024 Avg. Asking Rent
  • 2.41% Y-o-Y Avg. Asking Rent Change
  • 13.35% 2024 Office Vacancy Rate

Tustin office price per square foot in 2024 was $28.95 on average. This marked a +2.41% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.35% 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

Tustin, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Tustin

Submarket Asking Rents Vacancy Rates
Tustin $31.47 21.49%
Irvine Business Complex $31.06 16.85%
Data provided by Yardi Research
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 Tustin market was 13.35% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Tustin was 16.85% in the Irvine Business Complex submarket, while the highest office vacancy in the market was 21.49%, recorded in Tustin.

Office Spaces for Rent in California

Coworking Spaces in California

2024 Office Construction in Tustin, CA

Largest Office Properties Recently Completed in Tustin
Office building Address SF Completed
FLIGHT at Tustin Legacy - Building B 1735 Flight Way, 92606 93,000 2019
Hoag Health Center - Tustin Legacy 15000 Kensington Park Drive, 92782 60,000 2018
740 El Camino Real, Ste. 201 740 El Camino Real, Ste. 201, 92780 10,832 2011
Dow Business Center 3002 Dow Avenue, 92780 194,306 1987
1311 Valencia Avenue 1311 Valencia Avenue, 92780 55,000 1987
2552 Walnut Avenue, Unit 160 2552 Walnut Avenue, Unit 160, 92780 4,854 1986
Tustin Corporate Center - 18302 Irvine Blvd 18302 Irvine Blvd, 92780 43,160 1983
Office Space For Lease in Tustin 17821 E 17th Street, 92780 43,352 1980
Packers Square 13112 Newport Ave, 92780 49,931 1979
Redhill Business Park 15401-15481 Redhill Avenue, 92780 119,640 1978

Worth noting among recent office completions on the Tustin market is FLIGHT at Tustin Legacy - Building B, which is currently the largest new office development in the city, at 93,000 square feet.

Data provided by Yardi Research

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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 Tustin 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.