Diamond Bar Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $31.52 2023 Avg. Asking Rent
  • -3.03% Y-o-Y Avg. Asking Rent Change
  • 8.25% 2023 Office Vacancy Rate
  • $21.7M2023 Total Office Sales
  • $259.47Avg. Sale Price/SF

Diamond Bar office price per square foot in 2023 was $31.52 on average. This marked a -3.03% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.25% across all asset classes combined. The 3 transactions that closed here throughout 2023 amounted to a total sale volume of $21.7M. Diamond Bar office space commanded an average sale price per square foot of $259.47.

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

  • California Class A & A+ Office Space$56.30
  • California Class B Office Space$37.45
  • California Class C Office Space$44.91

Diamond Bar, CA Office Asking Rents by Class

2023 Office Vacancy Rates in Diamond Bar

Submarket Asking Rents Vacancy Rates
San Gabriel Valley $30.96 13.45%
Gateway Cities $30.42 5.56%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Diamond Bar market was 8.25% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Diamond Bar was 5.56% in the Gateway Cities submarket, while the highest office vacancy in the market was 13.45%, recorded in San Gabriel Valley.

Office Spaces for Rent in California

Diamond Bar Office Sale Price per SF

  • $259.472023 Avg. Price per SF
  • 14.31%Y-o-Y Avg. PpSF Change
  • $21.7M2023 Office Sales Volume
  • 32023 Number of Transactions

Diamond Bar, CA Sale Price per SF Trend

  • Diamond Bar Avg. Sale Price per SF in 2023$259.47
  • California Avg. Sale Price per SF in 2023$256.51
Diamond Bar office space cost in 2023 marked a +14.31% change compared to the previous year. The sale price for office space in Diamond Bar averaged $259.47 per square foot in 2023, across all market subdivisions and asset classes. Conversely, the statewide California average office sale price during the same time period was $256.51 per square foot.

2023 Office Sales Volume

  • Diamond Bar, CA Total Office Sales Volume in 2023 $21.7M
  • Diamond Bar, CA Total Number of Office Sales Closed in 2023 3
A total of 3 deals closed on the Diamond Bar office market in 2023, adding up to a yearly sales volume of $21.7M. Notably, the largest transaction on the market saw 750 North Diamond Bar Blvd change hands for $9,700,000 on 12/18/2023.
Data provided by Commercial Edge

Coworking Spaces in California

Largest Office Properties Recently Completed in Diamond Bar
Office building Address SF Completed
2705 S Diamond Bar Blvd #368 2705 S Diamond Bar Blvd #368, 91765 704 2012
Gateway Corporate Center 21680 Gateway Center Dr., 91765 84,900 1999
Gateway Corporate Center 21700 E. Copley Dr., 91765 77,388 1991
Gateway Corporate Center 1370 S. Valley Vista Dr., 91765 86,298 1988
1370 Valley Vista Drive 1370 Valley Vista Drive, 91765 85,536 1988
Gateway Corporate Center 21660 E. Copley Dr., 91765 50,131 1988
556 N Diamond Bar Blvd 556 N Diamond Bar Blvd, 91765 46,000 1988
1540 Bridgegate Drive 1540 Bridgegate Drive, 91765 51,840 1987
Plaza Diamond Bar 20955 Pathfinder Rd., 91765 64,433 1982
22632 Golden Springs Dr 22632 Golden Springs Dr, 91765 54,292 1980

Worth noting among recent office completions on the Diamond Bar market is 2705 S Diamond Bar Blvd #368, which is currently the largest new office development in the city, at 704 square feet.

Data provided by Commercial Edge

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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 Diamond Bar 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.