2023 Office Space Rent & Sales
- $23.55 2023 Avg. Asking Rent
- -2.27% Y-o-Y Avg. Asking Rent Change
- 16.51% 2023 Office Vacancy Rate
Fresno office price per square foot in 2023 was $23.55 on average. This marked a -2.27% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.51% 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
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Fresno, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Fresno
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Fresno County | $24.04 | 8.70% |
| South Fresno County | $21.71 | 34.70% |
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Fresno, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3000 E. Shaw Avenue | 3000 E. Shaw Avenue, 93710 | 60,000 | 2024 |
| 4165 W. Alamos Avenue | 4165 W. Alamos Avenue, 93722 | 6,500 | 2022 |
| Palm Bluffs Corporate Center - 7700 North Palm Avenue | 7700 North Palm Avenue, 93711 | 42,166 | 2020 |
| Palm Plaza | 7050 N. Palm Avenue, 93711 | 11,000 | 2019 |
| Prime Professional Office Space Located in NW Fresno | 1334 W Herndon Ave, 93711 | 4,460 | 2018 |
| Herndon Willow Professional Center | 6785 N Willow Ave, 93710 | 5,504 | 2009 |
| Palm Plaza | 7010 N. Palm Avenue, 93711 | 34,498 | 2007 |
| Office/Flex Space Available in Excellent Condition & Move-In Ready | 5096 N Blythe Ave, 93722 | 20,500 | 2007 |
| 6721 North Willow Avenue | 6725 N Willow, 93710 | 1,705 | 2007 |
| Civic Center Square - 2440 Tulare Street | 2440 Tulare Street, 93721 | 89,097 | 2006 |
Worth noting among recent office completions on the Fresno market is 3000 E. Shaw Avenue, which is currently the largest new office development in the city, at 60,000 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 Fresno 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.