2023 Office Space Rent & Sales
- $24.86 2023 Avg. Asking Rent
- -1.85% Y-o-Y Avg. Asking Rent Change
- 25.12% 2023 Office Vacancy Rate
Petaluma office price per square foot in 2023 was $24.86 on average. This marked a -1.85% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.12% 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
Petaluma, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Petaluma, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Redwood Business Park - 1385 North McDowell Blvd | 1385 North McDowell Blvd, 94954 | 55,597 | 2014 |
| Redwood Business Park - 1383 North McDowell Blvd | 1383 North McDowell Blvd, 94954 | 59,500 | 2007 |
| South McDowell Landing | 2000-2100 Mcdowell Blvd, S., 94952 | 73,200 | 2006 |
| South McDowell Landing | 1800 McDowell Blvd, S., 94952 | 73,200 | 2006 |
| 151 Petaluma Blvd South | 151 Petaluma Blvd South, 94952 | 93,300 | 2005 |
| Waterfront Office Building | 201 1st Street, 94952 | 47,063 | 2005 |
| 800 N McDowell Blvd | 800 N McDowell Blvd, 94954 | 19,411 | 2003 |
| 3835 Cypress Dr Ste 205 | 3835 Cypress Dr Ste 205, 94954 | 1,857 | 2003 |
| Redwood Business Park - 5401 Old Redwood Hwy | 5401 Old Redwood Hwy, 94954 | 58,440 | 2001 |
| 1670 Corporate Cir | 1670 Corporate Cir, 94952 | 30,000 | 2001 |
Worth noting among recent office completions on the Petaluma market is Redwood Business Park - 1385 North McDowell Blvd, which is currently the largest new office development in the city, at 55,597 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 Petaluma 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.