Fresno, CA Office Overview
Fresno is located in the South San Joaquin Valley region. Neighboring cities include Madera and Clovis to the north, Senger, Fowler and Selma to the east, Riverdale and Caruthers to the south, and San Joaquin and Kerman to the west. Most of the larger office inventory is clustered in the neighborhoods located northeast of state route 99.
The city is home to nearly 525,000 residents, marking a nearly 33% increase over 10 years, according to 2017 census estimates. The city is the central economic hub of Fresno county, and of the San Joaquin Valley region. Active local economy sectors include city administrative and government operations, healthcare, agriculture, and finance.
Fresno, CA Office Inventory Description
As of mid-2017, the Fresno office market encompassed just over 6 million square feet of office space in properties larger than 50,000 square feet. While large-scale agricultural production and related business continue to make a significant contribution to the local economy, the city's strategic location between Los Angeles, Sacramento, and San Francisco has positioned it as the economic hub of the region. Boasting a gross metropolitan product of over $48 billion annually, the city presents continually strong demand for office space.
The Fulton neighborhood consistently sees some of the most robust demand in town. Located inside of the triangle formed by Routes 41, 99, and 180, the area is home to investment-grade office buildings such as 1900 & 1920 Mariposa Mall, the Grand Tower at 1401 Fulton Street, and the Mattei Building.
Fresno, CA Commercial Inventory Breakdown
Office Spaces
Total: 8,350,657 SF
By square footage range:
- 50k to 100k SF: 4,372,889 SF / 52.37% of total office
- 100k to 500k SF: 3,445,792 SF / 41.26% of total office
- 500k to 1M SF: 531,976 SF / 6.37% of total office
By class:
- Class A: 3,099,264 SF / 37.11% of total office
- Class B: 3,727,441 SF / 44.64% of total office
- Class C: 1,289,229 SF / 15.44% of total office
Top 10 Largest Office Buildings
in Fresno
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 5045 East Butler Avenue | 5045 East Butler Avenue, 93727 | 531,976 | 1971 |
| Fig Garden Financial Center | 5250 North Palm Avenue, 93704 | 325,000 | 1985 |
| The Tower at Convention Center Court | 855 M Street, 93721 | 288,597 | 2005 |
| 25 Park Place | 25 River Park Place West, 93720 | 234,723 | n/a |
| Heritage Center | 3688 East Shields Avenue, 93726 | 185,000 | 1964 |
| Park View Plaza | 9 River Park Place East, 93720 | 181,600 | 1992 |
| 1325 Broadway Plaza | 1325 Broadway Plaza, 93721 | 180,481 | 2004 |
| Community Regional Medical Office Building | 215 North Fresno Street, 93701 | 180,000 | 2018 |
| Starpoint Towers | 1320 East Shaw Avenue, 93710 | 154,390 | 1974 |
| T.W. Patterson Building | 2014 Tulare Street, 93721 | 152,000 | 1923 |
Most Recently-Built Office Buildings
in Fresno
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Sugar Pine Square | 225 East Nees Avenue, 93720 | 60,000 | 2019 |
| 3875 West Beachwood Avenue | 3875 West Beachwood Avenue, 93722 | 53,033 | 2019 |
| 2721 Ventura Street | 2721 Ventura Street, 93721 | 46,425 | 2019 |
| Community Regional Medical Office Building | 215 North Fresno Street, 93701 | 180,000 | 2018 |
| Bitwise South Stadium | 700 Van Ness Avenue, 93721 | 50,000 | 2016 |
| Warehouse Row | 744 P Street, 93721 | 75,000 | 2015 |
| 255 West Bullard Avenue | 255 West Bullard Avenue, 93704 | 37,351 | 2015 |
| McCormick Barstow Building | 7647 North Fresno Street, 93720 | 68,000 | 2013 |
| Palmdon Office Building | 677 West Palmdon Drive, 93704 | 42,788 | 2011 |
| East Medical Plaza | 2335 East Kashian Lane, 93701 | 88,000 | 2010 |
Fresno, CA Green Office Space
Tenants and investors alike are increasingly recognizing the benefits of energy-efficient, green building practices. The 2017 National Green Building Adoption Index surveyed the 30 largest office markets in the country, to gauge the change over time in adoption of ecologically minded development in the commercial real estate sector. The report found that, between 2005 and 2017, the percentage of green office space across these 30 top markets increased from below 5% to nearly 40%.
While Fresno was not large enough to make the top 30 list, developers in the city have gotten on board with this construction revolution – nearly 5% of the office properties in town that are at least 50,000 square feet large are green program compliant.
One example of a LEED-certified office building in town is The Rowell Building on 2100 Tulare Street in Fresno. Located in the Armenian Town neighborhood, this nearly 61,000-square-foot Class A office building is a brand new development and was designed to achieve a LEED Platinum certification.
Fresno, CA's Top Office-Using Sectors
Fresno is home to a variety of business and industry including government and education. These, along with healthcare and large corporate offices, are among the top office-using active economic sectors locally.
- Government – the City of Fresno and the Fresno Economic Opportunities Commission are the largest government administrative employers and occupiers of office space in town;
- Education – Educational institutions such as California State University Fresno, the State Center Community College District, and the affiliated businesses they attract are also heavy users of office space;
- Healthcare – Community Medical Centers, Saint Agnes Medical Center, and Kaiser Permanente all create consistent demand for office space in Fresno;
- Corporate Offices – Sony Computer Entertainment, Cargill Meat Solutions Corporation, AmeriGuard Security Services, Guarantee Real Estate, and Geil Enterprises, Inc. all have sizable offices in the city.
Fresno Demographics
Population
- Total Population522,277
- Male Population(49.2 %) 257,085
- Female Population(50.8 %) 265,192
- Median Age30.80
Income/Financial
- Average Household Income$66,519
- Median Household Income$47,189
- Median Income Under 25$25,490
- Median Income 25-44$47,974
- Median Income 45-64$55,306
- Median Income Over 65$40,917
News
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