Pomona, CA - Office Market Overview
The Pomona real estate market includes the Angela - Chanslor, East Pomona, and Indian Hill commercial real estate submarkets. With a population of over 150,000, Pomona is also part of the Greater Los Angeles area that over 13 million people call home. The office market in Pomona sees robust demand due to the city's mid-point location between the Inland Empire and the fertile San Gabriel Valley.
As of mid-2017, the Pomona office market encompasses nearly 1.5 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Pomona, CA, is powered by a strong mix of both private and public businesses and industries.
Pomona, CA - Office Inventory Description
The location of Pomona is almost equidistant from the larger business centers of Downtown Los Angeles, Santa Ana, Riverside, and San Bernardino. Because of this, the office inventory in Pomona is varied, offering office space for almost any type of business. Class B office space in Pomona offers the widest choice, with over 960,000 square feet of space. Class A or A+ office space in Pomona adds over 240,000 square feet to the inventory, while Class C office space in the city brings nearly 235,000 square feet more to the market.
Two areas of the city that see consistent demand for office space are the Pomona Downtown and Spadra office submarkets. These areas are home to large, investment-grade office properties such as the University Corporate Center, the Anderson Tower on West 2nd Street, and the Pomona Office Tower at 300 South Park Avenue.
Pomona, CA Commercial Inventory Breakdown
Total: 1,846,331 SF
By square footage range:
- 50k to 100k SF: 589,263 SF / 31.92% of total office
- 100k to 500k SF: 1,257,068 SF / 68.08% of total office
- Class A: 203,060 SF / 11% of total office
- Class B: 963,724 SF / 52.2% of total office
- Class C: 234,166 SF / 12.68% of total office
Pomona, CA - Green Office Space
For a city with such a diverse mix of office inventory, it's not surprising that there is also a growing amount of green office space in Pomona. About 17% of the local office is LEED-certified, or Energy Star-rated, representing over 240,000 square feet of green, energy-efficient office space. One great example of a LEED-certified office building in Pomona is 1 Innovation Village. This Class A office building is located in the Cal Poly commercial real estate submarket of Pomona and contributes 120,000 square feet of LEED Silver-certified office space to the market.
The 2017 National Green Building Adoption Index reports that over the past 12 years the percentage of green office space in the top 30 U.S. markets has increased from less than 5% to about 38% in 2017.
Pomona, CA's Top Office-Using Sectors
The Pomona commercial real estate market sees significant demand for space from top office-using sectors like light manufacturing, healthcare, and government & education.
- Manufacturing – Demand for commercial real estate in Pomona comes from firms such as CAL SPAS, Royal Cabinets, Hayward Industries, Pioneer Electronics, and Interstate Brands West Corporation.
- Healthcare – Pomona Valley Hospital Medical Center and Casa Colina Rehabilitation are two of the institutions that create white collar office employment in Pomona.
- Government & Education – California State Polytechnic University - Pomona and the City of Pomona, along with the varied business they attract, help generate demand for white-collar office space in Pomona.
- Total Population152,366
- Male Population(49.7 %) 75,722
- Female Population(50.3 %) 76,644
- Median Age31.50
- Average Household Income$67,948
- Median Household Income$53,281
- Median Income Under 25$34,818
- Median Income 25-44$52,583
- Median Income 45-64$61,707
- Median Income Over 65$41,071
Looking to Relocate Your Business? Phoenix is Your Best Bet
November 01, 2017
Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...