Gold River Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.44 2023 Avg. Asking Rent
  • 3.31% Y-o-Y Avg. Asking Rent Change
  • 53.89% 2023 Office Vacancy Rate
  • $19.1M2023 Total Office Sales
  • $77.61Avg. Sale Price/SF

Gold River office price per square foot in 2023 was $23.44 on average. This marked a +3.31% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 53.89% across all asset classes combined. The 3 transactions that closed here throughout 2023 amounted to a total sale volume of $19.1M. Gold River office space commanded an average sale price per square foot of $77.61.

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

Gold River, CA Office Asking Rents by Class

2023 Office Vacancy Rates in Gold River

Submarket Asking Rents Vacancy Rates
Highway 50 Corridor $22.49 30.13%
Carmichael - Fair Oaks $18.21 27.29%
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 Gold River market was 53.89% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Gold River was 27.29% in the Carmichael - Fair Oaks submarket, while the highest office vacancy in the market was 30.13%, recorded in Highway 50 Corridor.

Office Spaces for Rent in California

Gold River Office Sale Price per SF

  • $77.612023 Avg. Price per SF
  • -42.56%Y-o-Y Avg. PpSF Change
  • $19.1M2023 Office Sales Volume
  • 32023 Number of Transactions

Gold River, CA Sale Price per SF Trend

  • Gold River Avg. Sale Price per SF in 2023$77.61
  • California Avg. Sale Price per SF in 2023$256.51
Gold River office space cost in 2023 marked a -42.56% change compared to the previous year. The sale price for office space in Gold River averaged $77.61 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

  • Gold River, CA Total Office Sales Volume in 2023 $19.1M
  • Gold River, CA Total Number of Office Sales Closed in 2023 3
A total of 3 deals closed on the Gold River office market in 2023, adding up to a yearly sales volume of $19.1M. Notably, the largest transaction on the market saw Gold Pointe Corporate Center - Building C change hands for $8,348,000 on 8/18/2023.
Data provided by Commercial Edge

Coworking Spaces in California

Largest Office Properties Recently Completed in Gold River
Office building Address SF Completed
2440 Gold River Road 2440 Gold River Road, 95670 53,320 2003
2440 Gold River Road 2440 Gold River Road, 95670 53,320 2003
Gold Pointe Corporate Center - Building C 11971 Foundation Place, 95670 145,869 2002
Gold Pointe Corporate Center 11971 Foundation Place, 95670 145,869 2002
Gold Pointe Corporate Center - Building B 12009 Foundation Place, 95670 110,000 2001
Gold River Center 11290 Pyrites Way, 95670 107,020 2000
Business Central Gold River - 2355 Gold Meadow Way 2355 Gold Meadow Way, 95670 50,000 1997
Gold River Office Park 2356 Gold Meadow Way, 95670 32,539 1996
Gold River Office Park 2366 Gold Meadow Way, 95670 24,965 1996
11249 Gold Country Blvd 11249 Gold Country Blvd, 95670 35,296 1991

Worth noting among recent office completions on the Gold River market is 2440 Gold River Road, which is currently the largest new office development in the city, at 53,320 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 Gold River 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.