San Bernardino, CA - Office Market Overview
The San Bernardino real estate market includes the Show Place, East Valley, and International Airport commercial real estate submarkets. While San Bernardino is home to just over 216,000 people, the city is also part of the Greater Los Angeles metropolitan area, home to over 13 million residents. San Bernardino is also one of the anchor cities of California's Inland Empire.
As of mid-2017, the San Bernardino office market encompasses just under 3.2 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in San Bernardino, CA, is driven largely by the diverse number of government institutions in the city.
San Bernardino, CA - Office Inventory Description
Located at the junctions of the Interstate 10, Interstate 215, and the 210 freeways, the city has grown into a regional transportation hub. The office market in San Bernardino holds inventory for almost any type of business. Class A or A+ office space in San Bernardino makes up just over one-third of the market share, while Class B office inventory in the city adds another 1.9 million square feet of space to the San Bernardino office market.
The San Bernardino Carousel office submarket is one of the many areas in the city that sees consistent demand for space. Located just east of the I-215, between West 5th Street and East Rialto Avenue, this part of town is home to larger, investment-grade office property such as the Andreson Building, the 303 North D Street office building, and Vanir Tower.
San Bernardino, CA Commercial Inventory Breakdown
Total: 3,654,498 SF
By square footage range:
- 50k to 100k SF: 1,763,831 SF / 48.26% of total office
- 100k to 500k SF: 1,890,667 SF / 51.74% of total office
- Class A: 1,222,475 SF / 33.45% of total office
- Class B: 2,250,969 SF / 61.59% of total office
- Class C: 181,054 SF / 4.95% of total office
San Bernardino, CA - Green Office Space
With just over 71,000 square feet of green office space in San Bernardino, this segment of the market is still growing strong. California is home to six of the top 30 largest green office markets in the U.S., according to the most recent National Green Building Adoption Index. Conducted in 2017, the survey concluded that since 2005 the average amount of green office space has increased nearly seven-fold.
One example of a LEED-certified office building in San Bernardino is the Tri-City Corporate Centre - North River Place. Located in the Valley View commercial real estate submarket of San Bernardino, this building was constructed in 2008 and contributes over 71,000 square feet of Class A LEED-certified green office space to the San Bernardino office market.
San Bernardino, CA's Top Office-Using Sectors
The San Bernardino office market is driven by top office-using sectors like government, education & healthcare, and large corporate office users.
- Government – Institutions such as the City of San Bernardino, the San Bernardino County Public Works, and the San Bernardino County Sheriff's Department are some of the largest employers and biggest users of office space in San Bernardino.
- Education & Healthcare – The Community Hospital of San Bernardino, the St. Bernardino Medical Center, and California State University - San Bernardino, along with the small businesses they attract, help create demand for white-collar office employment in San Bernardino, California.
- Corporate Office – Firms such as Wells Fargo Home Mortgage and Omnitrans also drive the demand for commercial real estate in San Bernardino CA.
San Bernardino Demographics
- Total Population215,252
- Male Population(49.1 %) 105,780
- Female Population(50.9 %) 109,472
- Median Age29.40
- Average Household Income$53,310
- Median Household Income$41,027
- Median Income Under 25$26,294
- Median Income 25-44$39,581
- Median Income 45-64$47,496
- Median Income Over 65$35,655
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