2021 Office Space Rent & Sales
- $26.49 2021 Avg. Asking Rent
- 4.39% Y-o-Y Avg. Asking Rent Change
- 9.60% 2021 Office Vacancy Rate
Santa Fe office price per square foot in 2021 was $26.49 on average. This marked a +4.39% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.60% across all asset classes combined.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Santa Fe Class B Office Space$26.54
- Santa Fe Class C Office Space$20.16
- New Mexico Class A & A+ Office Space$20.99
- New Mexico Class B Office Space$18.37
- New Mexico Class C Office Space$13.21
Santa Fe, NM Office Asking Rents by Class
Coworking Spaces in New Mexico
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- Glendale Coworking Space
2021 Office Construction in Santa Fe, NM
- Santa Fe, NM Total SF under construction in 2022 30,000
Office building | Address | SF | Completed |
---|---|---|---|
4001 Office Court - Buildings 300, 500, 700, 800, 900 & 1000 | 4001 Office Court Drive, 87507 | 45,000 | 2001 |
4001 Office Court - Buildings 100, 200, 400 & 600 | 4001 Office Court Drive, 87507 | 30,000 | 2001 |
Office Court at St. Michael's Drive | 460 St. Michael's Drive, 87505 | 46,158 | 1996 |
Worth noting among recent office completions on the Santa Fe market is 4001 Office Court - Buildings 300, 500, 700, 800, 900 & 1000, which is currently the largest new office development in the city, at 45,000 square feet.
See reports for other markets
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- New York City Office Rent Price
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- Houston Office Rent Price
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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Santa Fe 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.