2020 Office Space Rent & Sales
- $27.04 2020 Avg. Asking Rent
- -2.59% Y-o-Y Avg. Asking Rent Change
- 7.99% 2020 Office Vacancy Rate
Simi Valley office price per square foot in 2020 was $27.04 on average. This marked a -2.59% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.99% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Simi Valley Class B Office Space$27.04
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Simi Valley, CA Office Asking Rents by Class
2020 Office Construction in Simi Valley, CA
- Simi Valley, 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 Simi Valley office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4180 Guardian Street | 4180 Guardian Street, 93063 | 54,311 | 2022 |
| Woodranch Professional Center | 1147 Red Tail Way, 93065 | 85,103 | 2009 |
| Simi Valley Corporate Point | 2655 1st Street, 93065 | 64,000 | 2009 |
| 4100 Guardian Street | 4100 Guardian Street, 93063 | 136,000 | 1998 |
| 101 West Cochran Street | 101 West Cochran Street, 93065 | 120,075 | 1991 |
| 450 American Street | 450 American Street, 93065 | 206,917 | 1990 |
| Hillside Business Center | 940 Enchanted Way, 93065 | 97,294 | 1990 |
| 2900 North Madera Road | 2900 North Madera Road, 93065 | 63,305 | 1989 |
| Adventist Health - 2750 Sycamore Drive | 2750 Sycamore Drive, 93065 | 31,620 | 1989 |
| Simi Community Medical Plaza | 1687 Erringer Road, 93065 | 41,692 | 1986 |
Worth noting among recent office completions on the Simi Valley market is 4180 Guardian Street, which is currently the largest new office development in the city, at 54,311 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 Simi Valley 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.