Visalia Office Market Trends

Office Rental Market

  • $23.94 2019 Avg. Asking Rent
  • 3.92 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 85,500 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Visalia was $23.94 per square foot, and the office vacancy rate across the market averaged 3.92 %. During 2019, developers added 0 square feet of new office space to the Visalia market inventory. Office developments estimated for delivery during 2020 total 85,500 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Visalia Class A Office Buildings$31.01
  • Visalia Class B Office Buildings$21.33
  • Visalia Class C Office Buildings$19.78
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Visalia, CA Office Asking Rents by Class

Office asking rents vary across the Visalia office market depending on several factors, one of which is property class. While rents for Class A office buildings in Visalia averaged $31.01 per square foot in 2019, Class B office properties garnered average rental rates of $21.33 per square foot. Rental rates for Class C office property in Visalia averaged $19.78 per square foot. On a statewide level, Class B office space rents averaged $34.34 per square foot, while rents for Class A office space across California averaged $51.59 per square foot. On average, Class C office properties in California commanded rents of $22.62 per square foot.

OFFICE CONSTRUCTION IN Visalia, CA

  • Visalia, CA Total Sqft completed in 2019 0
  • Visalia, CA Total Sqft under construction in 2020 85,500
10 Largest Office Buildings in Visalia
Building name Address Total Sqft Year built
Tulare/Akers Professional Center 5300 West Tulare Avenue, 93277 180,679 2000
Hyde Park Office Complex 3330 West Mineral King Avenue, 93291 81,548 1969
6500 & 26500 South Mooney Blvd 6500 South Mooney Blvd, 93277 65,510 1979
Kaweah Delta Health Care District - Support Services Building 520 West Mineral King Avenue, 93291 61,587 2005
Sequoia Commerce Park 4025 West Noble Avenue, 93277 61,492 1986
Willow Plaza 100 Willow Plaza, 93291 56,935 1997
Demaree Square West 1102 North Chinowth Street, 93291 55,825 1993
The Works Center 6330 South Mooney Blvd, 93277 55,700 1982
Sequoia Medical Center 820 South Akers Street, 93277 52,000 2014
Demaree Square 1001 North Demaree Street, 93291 50,049 1989
Largest Office Properties Recently Completed in Visalia
Office building Address Sqft Completed
Sequoia Medical Center 820 South Akers Street, 93277 52,000 2014
520 East Tulare Avenue 520 East Tulare Avenue, 93292 36,717 2014
Main Street Promenade 400 East Main Street, 93291 29,145 2011
Buckman-Mitchell Building 500 North Santa Fe Street, 93292 38,000 2008
305 East Center Avenue 305 East Center Avenue, 93291 28,708 2007
5441 West Cypress Avenue 5441 West Cypress Avenue, 93277 35,860 2006
Kaweah Delta Health Care District - Support Services Building 520 West Mineral King Avenue, 93291 61,587 2005
Tulare/Akers Professional Center 5300 West Tulare Avenue, 93277 180,679 2000
401 East School Avenue 401 East School Avenue, 93291 36,000 2000
Willow Plaza 100 Willow Plaza, 93291 56,935 1997
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Visalia office market contains an inventory of 1,115,315 square feet of office space, in 79 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 Visalia 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.