2023 Office Space Rent & Sales
- $42.99 2023 Avg. Asking Rent
- 0.12% Y-o-Y Avg. Asking Rent Change
- 6.49% 2023 Office Vacancy Rate
La Jolla office price per square foot in 2023 was $42.99 on average. This marked a +0.12% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 6.49% 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
- La Jolla Class A & A+ Office Space$45.90
- La Jolla Class B Office Space$38.43
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
La Jolla, CA Office Asking Rents by Class
2023 Office Vacancy Rates in La Jolla
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| University City | $48.44 | 14.08% |
| West San Diego | $35.98 | 16.18% |
| Torrey Pines | $31.14 | 13.30% |
Office Spaces for Rent in California
Coworking Spaces in California
- Los Angeles Coworking Space
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- Palo Alto Coworking Space
2023 Office Construction in La Jolla, CA
- La Jolla, CA Total SF under construction in 2024 105,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Regents Park Financial Centre | 4180 La Jolla Village Drive, 92037 | 98,523 | 1995 |
| La Jolla Square - 4225 Executive Square | 4225 Executive Square, 92037 | 234,780 | 1990 |
| Regents Medical Center | 4150 Regents Park Row, 92037 | 76,154 | 1989 |
| La Jolla Square - 4275 Executive Square | 4275 Executive Square, 92037 | 164,636 | 1988 |
| La Jolla Square - 4250 Executive Square | 4250 Executive Square, 92037 | 141,928 | 1988 |
| Regents Court | 4120 & 4130 La Jolla Village Drive, 92037 | 56,422 | 1988 |
| Regents Court | 4130 La Jolla Village Drive, 92037 | 56,422 | 1987 |
| Forty 180 | 4180 La Jolla Village Drive, 92307 | 98,523 | 1985 |
| 875 Prospect Street | 875 Prospect Street, 92037 | 43,000 | 1985 |
| Merrill Lynch Building | 7825 Fay Avenue, 92037 | 99,670 | 1984 |
Worth noting among recent office completions on the La Jolla market is Regents Park Financial Centre, which is currently the largest new office development in the city, at 98,523 square feet.
See reports for other markets
- Los Angeles Office Rent Price
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- Santa Monica Office Rent Price
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- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
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 La Jolla 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.