San Luis Obispo, CA Commercial Real Estate for Lease and Sale

Explore 85 listings of San Luis Obispo commercial real estate to find the best space for your business.

First Class Professional Office Suite in Downtown San Luis Obispo

999 Monterey Street Suite 360, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

2,500 SF
For Lease Contact for pricing
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250 Tank Farm Rd Parcel 2

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

1.12 Acre
For Sale Contact for pricing
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Marigold Center

3870 Broad Street, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Retail

174,471 SF
Availability

7 Spaces

22,773 SF
Year Built

1997
For Lease Contact for pricing
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250 Tank Farm Rd Parcel 1

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

1.12 Acre
For Sale Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
Oconnor Rd

Oconnor Rd, San Luis Obispo, CA
Property

VacantLand

143 Acre
For Sale

$1,787,500
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Turn-Key Professional Suite 1,540 +/- SF Located in Sycamore Court

711 Tank Farm Rd, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Other
Availability

1 Space

1,540 SF
For Lease

$2.85/SF/YR
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High Exposure Second Floor Suite Close to Freeway

444 Higuera St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

2 Spaces

3,414 SF
For Lease Contact for pricing
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250 Tank Farm Rd

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

301,435 SF
Availability

6 Spaces

300,412 SF
For Lease Contact for pricing
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695 Clarion CT

695 Clarion CT, San Luis Obispo, CA
Property

Industrial

6,507 SF
For Sale

$2,595,000
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1,926 SF Warehouse Space

860 Capitolio Way, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Other
Availability

1 Space

1,926 SF
For Lease

$1.35/SF/YR
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250 Tank Farm Rd Parcel 6

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

1.43 Acre
For Sale Contact for pricing
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SLO Ranch Farms & Marketplace

SLO Ranch Farms & Marketplace, Laguna Lake, San Luis Obispo, CA
Property

Retail

33,500 SF
Availability

2 Spaces

1,600 SF
For Lease

$3.50/SF/MO
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Stand-Alone Office/Warehouse Combo

2653 Victoria Ave, Downtown South San Luis Obispo, San Luis Obispo, CA
Property

Other
Availability

1 Space

2,506 SF
For Lease

$4,950.00/MO
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3592 Broad Street #106

3592 Broad Street, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Retail

656 SF
Year Built

2007
For Sale

$425,000
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1551 Bishop Street - Building A

1551 Bishop Street, Johnson, San Luis Obispo, CA
Property

Office

9,409 SF
For Sale

$3,950,000
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Fairmont Plaza

5690 California St., Downtown South San Luis Obispo, San Luis Obispo, CA
Property

Office

60,937 SF
Availability

3 Spaces

2,860 SF
For Lease

$38.00 - $40.00/SF/YR
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250 Tank Farm Rd Parcel 5

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

1.15 Acre
For Sale Contact for pricing
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The Summit

790 Foothill Blvd, Apartments Across from CP, San Luis Obispo, CA
Property

Retail

6,758 SF
Availability

1 Space

938 SF
Year Built

2022
For Lease

$3.25/SF/MO
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3240 Broad St

3240 Broad St, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Retail

700 SF
Availability

1 Space

700 SF
For Lease

$2.75/SF/YR
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3000 Broad St

3000 Broad St, Johnson, San Luis Obispo, CA
Property

Office

1,433 SF
Availability

1 Space

1,433 SF
For Lease

$1.55/SF/YR
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1115 Broad St

1115 Broad St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Retail

1,457 SF
Availability

1 Space

1,457 SF
For Lease

$2.50/SF/YR
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263 W Foothill Blvd

263 W Foothill Blvd, San Luis Obispo, CA
Property

VacantLand

360 Acre
For Sale

$7,950,000
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Granada Building

3701 S Higuera St, South Higuera, San Luis Obispo, CA
Property

Office

2,600 SF
Availability

1 Space

2,600 SF
For Lease

$1.75/SF/YR
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250 Tank Farm Rd Parcel 3

250 Tank Farm Rd, South Higuera, San Luis Obispo, CA
Property

VacantLand

1.04 Acre
For Sale Contact for pricing
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San Luis Obispo Promenade

Highway 101 & Madonna Road, Anholm, San Luis Obispo, CA
Property

Retail

256,000 SF
Availability

8 Spaces

60,234 SF
For Lease

$2.00 - $3.00/SF/MO
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1551 Bishop Street - Building B-240

1551 Bishop Street, Johnson, San Luis Obispo, CA
Property

Office

2,400 SF
For Sale

$1,250,000
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1575 Calle Joaquin

1575 Calle Joaquin, South Higuera, San Luis Obispo, CA
Property

Retail

5,940 SF
For Sale

$2,375,000
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Retail Space on the Corner of Higuera and Broad Street; in the Heart of San Luis Obispo’s Premier Downtown Core

716 Higuera St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Other
Availability

1 Space

1,663 SF
For Lease Contact for pricing
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1146 Farmhouse Lane

1146 Farmhouse Lane, San Luis Obispo, CA
Property

Office

50,000 SF
Availability

1 Space

50,000 SF
For Lease Contact for pricing
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Prime Downtown Office Space with Parking

1212 Marsh St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

3,590 SF
For Lease Contact for pricing
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Retail Space Located Between Target and Dick’s Sporting Goods

11982 Los Osos Valley Road, Laguna Lake, San Luis Obispo, CA
Property

Retail
Availability

1 Space

1,008 SF
For Lease Contact for pricing
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Downtown San Luis Obispo Class A Professional Office Suite

1010 Court St, Downtown San Luis Obispo, San Luis Obispo, CA
Property

Office
Availability

1 Space

5,200 SF
For Lease Contact for pricing
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3230 Broad St

3230 Broad St, Edge of San Luis Obispo, San Luis Obispo, CA
Property

Retail

7,264 SF
Availability

1 Space

2,010 SF
Year Built

2003
For Lease

$2.25/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The San Luis Obispo commercial real estate market incorporates 428,601 square feet of office space across 42 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The San Luis Obispo commercial real estate market includes 568,889 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the San Luis Obispo market, there is a total of 54,028 square feet of industrial property.

The listing inventory in San Luis Obispo incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in San Luis Obispo is represented by Office space, which accounts for 154,397 square feet of available listings. Retail space available in San Luis Obispo adds up to 130,686 square feet.

Meanwhile, most of the listings of commercial property for sale in San Luis Obispo are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in San Luis Obispo is $15.87 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in San Luis Obispo can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in San Luis Obispo, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in San Luis Obispo is in the Downtown San Luis Obispo neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown San Luis Obispo area.

Meanwhile, retail space opportunities are most abundant in the Anholm submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Johnson.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $32.01 per square foot. In particular, the property type commanding the highest lease rates in San Luis Obispo was Retail space.

Conversely, the highest sale price last year was $16,800,000 that is located at 4800 Morabito Place.

The average size of a commercial property in San Luis Obispo depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In San Luis Obispo, the average size of an office property is 14,780 square feet.
Retail properties here incorporate an average of 28,445 square feet.
Industrial space in San Luis Obispo is in buildings that are, on average 10,806 square feet in size.

San Luis Obispo, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in San Luis Obispo currently add up to 624,769 square feet. The market offers 33 active office listing(s), which amount to 154,397 square feet and account for 51% of commercial spaces on the market. Local retail availability includes 131,736 square feet across 19 retail space(s). Industrial space for rent opportunities in San Luis Obispo amount to 20,116 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	33	154,397
Retail	19	131,736
Industrial	4	20,116
Other	8	318,520

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in San Luis Obispo, CA. Currently, there is 60,494 square feet of commercial property for sale here , which includes 10 office building(s) for sale , 3 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	10	44,789
Retail	3	8,831
Industrial	1	6,507
Other	9	367

San Luis Obispo, CA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in San Luis Obispo, CA?

What factors affect the price of commercial real estate in San Luis Obispo, CA?

What is the average rent for commercial space in San Luis Obispo, CA?

What are the best areas for commercial real estate in San Luis Obispo, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in San Luis Obispo, CA?

San Luis Obispo, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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