2020 Office Space Rent & Sales
- $33.75 2020 Avg. Asking Rent
- 20.32% 2020 Office Vacancy Rate
Tustin office price per square foot in 2020 was $33.75 on average. The local office market recorded an average vacancy rate of 20.32% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Tustin Class A Office Space$50.36
- Tustin Class B Office Space$27.10
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Tustin, CA Office Asking Rents by Class
2020 Office Vacancy Rates in Tustin
|Submarket||Asking Rents||Vacancy Rates|
|Irvine Business Complex||$40.82||23.35%|
2020 Office Construction in Tustin, CA
- Tustin, CA Total SF completed in 2020
- Tustin, CA Total SF under construction in 2021 181,620
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Tustin office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 181,620 square feet of office space to the market, before year-end.
|15332 Newport Avenue||15332 Newport Avenue, 92780||181,620||2021|
|FLIGHT at Tustin Legacy - Buildings A-1 & A- 2||1770 Barranca Pkwy, 92606||178,936||2019|
|FLIGHT at Tustin Legacy - Building C||1700 Barranca Pkwy, 92606||145,417||2019|
|FLIGHT at Tustin Legacy - Building B||1735 Flight Way, 92606||93,256||2019|
|Hoag Health Center - Tustin Legacy||15000 Kensington Park Drive, 92782||60,000||2018|
|14191 Myford Road||14191 Myford Road, 92780||110,122||2014|
|Kaiser Permanente Tustin Ranch Medical Offices||2521 Michelle Drive, 92780||88,656||2011|
|Pacific Office Plaza||1422 Edinger Avenue, 92780||66,578||2006|
|Create Tustin - 14101 Myford Road||14101 Myford Road, 92780||66,818||2005|
|2741 Walnut Avenue||2741 Walnut Avenue, 92780||33,263||2001|
Worth noting among recent office completions on the Tustin market is 15332 Newport Avenue, which is currently the largest new office development in the city, at 181,620 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 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 CommercialEdge can guarantee that the information provided is complete.