2023 Office Space Rent & Sales
- $36.01 2023 Avg. Asking Rent
- -0.49% Y-o-Y Avg. Asking Rent Change
- 11.81% 2023 Office Vacancy Rate
Carlsbad office price per square foot in 2023 was $36.01 on average. This marked a -0.49% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.81% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Carlsbad Class A & A+ Office Space$36.75
- Carlsbad Class B Office Space$32.64
- Carlsbad Class C Office Space$32.52
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Carlsbad, CA Office Asking Rents by Class
Average office rent in Carlsbad rested at $36.01 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Carlsbad averaged $36.75 per square foot. Across all submarkets, class B office space recorded an average asking rent of $32.64 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $32.52 per square foot, on average. Comparably, statewide California average office rents by class in 2023 were: $56.30 per square foot for class A office space; $37.45 per square foot for class B office space; $44.91 per square foot for class C office space.
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Carlsbad, CA
- Carlsbad, CA Total SF under construction in 2024 164,833
| Office building | Address | SF | Completed |
|---|---|---|---|
| Palomar Crest Corporate Center | 2701 Loker Ave. W., 92010 | 81,810 | 2017 |
| Atlas at Carlsbad - Beta | 5919 Sea Otter Pl., 92010 | 138,019 | 2016 |
| Atlas at Carlsbad - Alpha | 5909 Sea Otter Pl., 92010 | 93,773 | 2016 |
| ViaSat at Bressi Ranch - Lots 1-9 | 2508 Gateway Rd., 92009 | 65,700 | 2016 |
| ViaSat at Bressi Ranch - Bldg. 10 | 2502 Gateway Rd., 92009 | 77,400 | 2015 |
| Ventana - 2175 Salk Avenue | 2175 Salk Avenue, 92008 | 79,287 | 2010 |
| Palomar Forum Business Park | 3132 Tiger Run Court, 92010 | 275,000 | 2008 |
| Global Carlsbad | 2888 Loker Avenue East, 92010 | 80,659 | 2008 |
| Ocean Collection | 2510 Gateway Road, 92009 | 50,498 | 2008 |
| Palomar Terrace | 3115 Melrose Dr., 92010 | 103,547 | 2007 |
Worth noting among recent office completions on the Carlsbad market is Palomar Crest Corporate Center, which is currently the largest new office development in the city, at 81,810 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Carlsbad commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.