Simi Valley Office Market Trends

Office Rental Market

  • $27.76 2019 Avg. Asking Rent
  • 27.47 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Simi Valley was $27.76 per square foot, and the office vacancy rate across the market averaged 27.47 %. During 2019, developers added 0 square feet of new office space to the Simi Valley 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

  • Simi Valley Class B Office Buildings$27.91
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Simi Valley, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Simi Valley, CA

  • Simi Valley, CA Total Sqft completed in 2019 0
  • Simi Valley, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Simi Valley
Building name Address Total Sqft Year built
1800 Tapo Canyon Road 1800 Tapo Canyon Road, 93063 273,241 1981
450 American Street 450 American Street, 93065 206,917 1990
4100 Guardian Street 4100 Guardian Street, 93063 136,000 1998
101 West Cochran Street 101 West Cochran Street, 93065 120,075 1991
Hillside Business Center 940 Enchanted Way, 93065 97,294 1990
Woodranch Professional Center 1147 Red Tail Way, 93065 85,103 2009
Simi Valley Corporate Point 2655 1st Street, 93065 64,000 2009
2900 North Madera Road 2900 North Madera Road, 93065 63,305 1989
Simi Community Medical Plaza 1687 Erringer Road, 93065 41,692 1986
2925 North Sycamore Drive 2925 North Sycamore Drive, 93065 36,564 1979
Largest Office Properties Recently Completed in Simi Valley
Office building Address Sqft Completed
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
Simi Valley Business Center 40 West Cochran Street, 93065 30,098 1990
2900 North Madera Road 2900 North Madera Road, 93065 63,305 1989
Adventist Health - Aspen Outpatient Center 2750 Sycamore Drive, 93065 31,620 1989
Simi Community Medical Plaza 1687 Erringer Road, 93065 41,692 1986
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Simi Valley office market contains an inventory of 1,637,117 square feet of office space, in 50 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 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.