Riverside, CA Office Overview
The Riverside market includes the Arlington South, East Riverside, and the Sycamore Canyon - Canyon Springs submarkets. Riverside is part of the larger Inland Empire, with nearly 4.5 million residents. Located just 60 miles east of Los Angeles, a dynamic mix of businesses are attracted to the area due to relatively low-cost structures.
As of mid-2017, the market encompasses over 3.1 million square feet of office space in buildings larger than 50,000 square feet. Light manufacturing, education, and government all help to drive demand for office space in the area.
Riverside, CA Office Inventory Description
Riverside is the most populous city in the Inland Empire. With an annual gross metropolitan product of $172 billion, there is an ever-present demand for office space. Of the 3.1 million square feet of larger officer space, Class A accounts for more than 45% of the total inventory, with Class B adding another 1.6 million square feet.
Some of the strongest demand for Class A office space in Riverside comes from Downtown Riverside. Located just east of the Santa Ana River between SR-60 and 14th Street, this area is home to investment-grade properties such as Center Tower Riverside, Riverside Metro Center, and Riverbrock Medical Plaza.
Riverside, CA Commercial Inventory Breakdown
Office Spaces
Total: 4,489,936 SF
By square footage range:
- 50k to 100k SF: 2,267,220 SF / 50.5% of total office
- 100k to 500k SF: 2,222,716 SF / 49.5% of total office
By class:
- Class A: 1,264,027 SF / 28.15% of total office
- Class B: 2,064,647 SF / 45.98% of total office
- Class C: 611,262 SF / 13.61% of total office
Top 10 Largest Office Buildings
in Riverside
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Riverside Alive - Offices | SEC 3rd Street & Market Street, 92501 | 220,000 | n/a |
| Riverside Centre | 3403 10th Street, 92501 | 157,000 | 1983 |
| Mission Grove Corporate Plaza | 7898 Mission Grove Pkwy South, 92508 | 152,729 | 2007 |
| Citrus Park Business Center | 1650 Iowa Avenue, 92507 | 148,264 | 1989 |
| Summit Business Center | 2002 Iowa Avenue, 92507 | 137,996 | 1987 |
| Citrus Tower Corporate Plaza | 3390 University Avenue, 92501 | 137,122 | 2012 |
| Commerce Square Business Park | 1550 Marlborough Avenue, 92507 | 128,912 | 1987 |
| Indiana Business Center | 6700 Indiana Avenue, 92506 | 128,780 | 1982 |
| Mission Square | 3750 University Avenue, 92501 | 127,533 | 1984 |
| Riverside Metro Center | 3801 University Avenue, 92501 | 124,333 | 1990 |
Most Recently-Built Office Buildings
in Riverside
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Pacific Medical Office Building | 4500 Olivewood Avenue, 92501 | 27,000 | 2018 |
| Riverbrock Medical Plaza | 4510 Brockton Avenue, 92501 | 60,000 | 2014 |
| Citrus Tower Corporate Plaza | 3390 University Avenue, 92501 | 137,122 | 2012 |
| Sycamore Canyon Business Center | 6465 Sycamore Canyon Blvd, 92507 | 92,410 | 2009 |
| Riverwalk Medical Office Building | 4244 Riverwalk Pkwy, 92505 | 37,621 | 2009 |
| 4234 Riverwalk Pkwy | 4234 Riverwalk Pkwy, 92505 | 34,379 | 2009 |
| Towers at Riverwalk - 4204 Riverwalk Pkwy | 4204 Riverwalk Pkwy, 92505 | 96,824 | 2008 |
| Towers at Riverwalk - 4210 Riverwalk Pkwy | 4210 Riverwalk Pkwy, 92505 | 96,824 | 2008 |
| Riverside’s University Research Park - 588 Technology Court | 588 Technology Court, 92507 | 35,000 | 2008 |
| Mission Grove Corporate Plaza | 7898 Mission Grove Pkwy South, 92508 | 152,729 | 2007 |
Riverside, CA Green Office Space
California is home to some of the largest cities with energy-efficient, green office space. A great example of a LEED-Certified properties is The Grove - Building 3. With nearly 55,000 square feet of green office space, this Class A building was constructed in 2007, is in the Hunter submarket, and is LEED-Certified Green.
While Riverside isn't one of the largest office markets in California, the city does have its fair share of green office space. Nine percent of the office buildings larger than 50,000 square feet are classified as green, with a total of over 255,000 square feet of energy-efficient office space.
In 2017, the National Green Building Adoption Index looked at the top 30 U.S. office markets and discovered that the overall percentage of green office space has increased by about 33% since 2005. In that year, the percentage of energy-efficient buildings was less than 5%, while today the larger office buildings considered as green, LEED, or Energy Star certified number 38%.
Riverside, CA's Top Office-Using Sectors
Riverside sees consistent demand for office space from several sectors like education, healthcare, government, manufacturing, and light industrial.
- Education – The University of California - Riverside, the Riverside Unified School District, and the Riverside Community College District.
- Healthcare – Kaiser Permanente, Riverside Community Hospital, and Parkview Community Hospital.
- Government – The County of Riverside, the City of Riverside, and the Riverside County Office of Education.
- Manufacturing & Light Industry – Pepsi Cola Bottling Company, Flexsteel Industries, Luxfer, and Sierra Aluminum Company.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Riverside, CA?
The average office rental rate in Riverside, CA is $22.7 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Riverside, CA?
The Riverside, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 33,831 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Riverside, CA is 586 square feet, while the maximum rentable space on the market now is 67,076 square feet.
How do I get office space in Riverside, CA?
Start your search for office space in Riverside, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Riverside, CA?
There are 104 office listings on the Riverside, CA market.
Riverside Demographics
Population
- Total Population323,935
- Male Population(49.3 %) 159,826
- Female Population(50.7 %) 164,109
- Median Age31.40
Income/Financial
- Average Household Income$81,959
- Median Household Income$65,313
- Median Income Under 25$25,294
- Median Income 25-44$65,568
- Median Income 45-64$79,509
- Median Income Over 65$48,335
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