2024 Office Space Rent & Sales
- $24.67 2024 Avg. Asking Rent
- 4.76% Y-o-Y Avg. Asking Rent Change
- 18.25% 2024 Office Vacancy Rate
Fresno office price per square foot in 2024 was $24.67 on average. This marked a +4.76% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.25% 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
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Fresno, CA Office Asking Rents by Class
2024 Office Vacancy Rates in Fresno
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Fresno County | $25.33 | 11.98% |
| South Fresno County | $23.17 | 30.93% |
Office Spaces for Rent in California
Coworking Spaces in California
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2024 Office Construction in Fresno, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 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 |
| Meridian Professional Center | 7085 N Maple Ave, 93720 | 9,505 | 2007 |
| 7075 N. West Avenue | 7075 N. West Avenue, 93711 | 8,760 | 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 4165 W. Alamos Avenue, which is currently the largest new office development in the city, at 6,500 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.