2023 Office Space Rent & Sales
- $26.53 2023 Avg. Asking Rent
- 9.87% 2023 Office Vacancy Rate
Bakersfield office price per square foot in 2023 was $26.53 on average. The local office market recorded an average vacancy rate of 9.87% 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
Bakersfield, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Bakersfield, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Rio Bravo Medical Campus - Phase I | 4500 Morning Drive, 93306 | 65,000 | 2015 |
| Meridian Professional Center | 4801 Calloway Drive, 93312 | 63,776 | 2008 |
| 19632 Industry Parkway Dr | 19632 Industry Parkway Dr, 93308 | 10,614 | 2008 |
| University Place | 8500 Stockdale Hwy, 93311 | 52,000 | 2007 |
| Two University Centre | 9201 Camino Media, 93311 | 53,186 | 2003 |
| 3801 Pegasus Drive | 3801 Pegasus Drive, 93308 | 55,960 | 1994 |
| Parkway Center | 4200 Truxtun Avenue, 93309 | 61,333 | 1992 |
| East Hills Pavillion | 3501 Mall View Road, 93306 | 57,243 | 1990 |
| 5101 Office Park Drive | 5101 Office Park Drive, 93309 | 39,726 | 1988 |
| Westpark Business Center | 5251 Office Park Drive, 93309 | 38,400 | 1988 |
Worth noting among recent office completions on the Bakersfield market is Rio Bravo Medical Campus - Phase I, which is currently the largest new office development in the city, at 65,000 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 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 Bakersfield 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.