Dublin, CA - Office Market Overview
California’s Dublin neighbors the Berkeley, Contra Costa Center, and Walnut Creek commercial real estate markets. With a population of about 60,000 people, Dublin lies in the northern part of Alameda County, which is home to over 1.6 million residents. Demand for office space in Dublin is driven by a healthy mix of both public and private sector users.
As of mid-2017, the Dublin office market encompasses nearly 2 million square feet of existing office space in properties larger than 50,000 square feet. Despite the small size of the city, the commercial real estate market in Dublin, CA, is home to numerous corporate headquarters from a variety of business sectors including retail, food service, and software & technology.
Dublin, CA - Office Inventory Description
Dublin is located at the intersection of Interstate 580 and Interstate 680, and is situated almost equidistant between San Francisco, Oakland, and San Jose. The office inventory in Dublin offers a strong mix of Class A and Class B office space. There are over 1 million square feet of Class A or A+ office space in Dublin, while Class B product contributes over 900,000 square feet office inventory to the local real estate market.
Dublin is one of the fastest growing cities in California, keeping office space in high demand. Some of the larger office properties in the city include the Crossroads on Clark Avenue, Hites Plaza on Arnold Road, and the Dublin Corporate Center - 4120 Dublin Blvd.
Dublin, CA Commercial Inventory Breakdown
Total: 2,724,379 SF
By square footage range:
- 50k to 100k SF: 464,246 SF / 17.04% of total office
- 100k to 500k SF: 2,260,133 SF / 82.96% of total office
- Class A: 1,302,351 SF / 47.8% of total office
- Class B: 1,197,588 SF / 43.96% of total office
Dublin, CA - Green Office Space
Over the past 12 years, the demand for green office space across the country and the State of California has consistently grown. According to the most recent 2017 National Green Building Adoption Index, back in 2005 the top 30 office markets in the U.S. averaged less than 5% green, energy-efficient office space. Today that number has risen to 38%, an increase of more than seven times. This 2017 report looked at office buildings larger than 50,000 square feet and surveyed the change in the amount of LEED, EPA Energy Star, or green-certified office space.
An example of a LEED-certified building in Dublin is the Army Reserve Training Center. Proving that energy efficiency isn't just for office space, this 43,000-square-foot building is three-stories with administrative, educational, assembly, library, learning center, maintenance shop space and more. The property is aiming for a net-zero energy consumption and zero annual carbon emissions, with a LEED Silver certification.
Dublin, CA's Top Office-Using Sectors
The Dublin office market sees significant demand from top office-using sectors like the technology, government, and healthcare sectors, along with large corporate headquarter office users.
- Technology – White-collar office employment in Dublin comes from firms such as SAP and CallidusCloud.
- Government – The commercial real estate market in Dublin is driven by organizations such as the United States Government, the County of Alameda, and the City of Dublin.
- Healthcare – Demand for white-collar office space in Dublin is created by institutions such as Carl Zeiss Meditec and MicroDental Laboratories.
- Corporate Office Headquarters – Ross Stores, Tria Beauty, Arlen Ness, and Challenge Dairy are all headquartered in Dublin.
- Total Population57,022
- Male Population(49.9 %) 28,463
- Female Population(50.1 %) 28,559
- Median Age36.70
- Average Household Income$159,057
- Median Household Income$138,007
- Median Income Under 25$61,852
- Median Income 25-44$152,956
- Median Income 45-64$140,409
- Median Income Over 65$58,304
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