2023 Office Space Rent & Sales
- $62.98 2023 Avg. Asking Rent
- -1.12% Y-o-Y Avg. Asking Rent Change
- 20.11% 2023 Office Vacancy Rate
Mill Valley office price per square foot in 2023 was $62.98 on average. This marked a -1.12% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.11% 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
Mill Valley, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Belvedere Place | 1 Belvedere Place, 94941 | 110,272 | 2001 |
| Shelterpoint Business Center | 591 Redwood Hwy, 94941 | 88,029 | 1982 |
| Shelterpoint Business Center | 591 Highway Redwood Frontage Road, 94941 | 84,484 | 1982 |
| Shoreline Hwy Garden Offices | 150 Shoreline Hwy, 94941 | 6,000 | 1980 |
| Shoreline Hwy Garden Offices | 150 Shoreline Hwy, 94941 | 6,000 | 1980 |
| 495 Miller Ave | 495 Miller Ave, 94941 | 9,784 | 1979 |
| Plant Business Center | 27 Reed Blvd, 94941 | 4,066 | 1979 |
| 1058 Redwood Hwy Frontage Rd | 1058 Redwood Hwy Frontage Rd, 94941 | 3,500 | 1977 |
| Shelter Bay Office Complex | 655 Redwood Hwy, 94941 | 50,525 | 1975 |
| 1060 Redwood Hwy | 1060 Redwood Hwy, 94941 | 29,541 | 1974 |
Worth noting among recent office completions on the Mill Valley market is Belvedere Place, which is currently the largest new office development in the city, at 110,272 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- 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 Mill Valley 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.