Rancho Cordova Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.45 2023 Avg. Asking Rent
  • 3.14% Y-o-Y Avg. Asking Rent Change
  • 31.06% 2023 Office Vacancy Rate
  • $41.4M2023 Total Office Sales
  • $81.93Avg. Sale Price/SF

Rancho Cordova office price per square foot in 2023 was $23.45 on average. This marked a +3.14% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 31.06% across all asset classes combined. The 6 transactions that closed here throughout 2023 amounted to a total sale volume of $41.4M. Rancho Cordova office space commanded an average sale price per square foot of $81.93.

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

Rancho Cordova, CA Office Asking Rents by Class

Office Spaces for Rent in California

Rancho Cordova Office Sale Price per SF

  • $81.932023 Avg. Price per SF
  • -40.46%Y-o-Y Avg. PpSF Change
  • $41.4M2023 Office Sales Volume
  • 62023 Number of Transactions

Rancho Cordova, CA Sale Price per SF Trend

  • Rancho Cordova Avg. Sale Price per SF in 2023$81.93
  • California Avg. Sale Price per SF in 2023$256.51
Rancho Cordova office space cost in 2023 marked a -40.46% change compared to the previous year. The sale price for office space in Rancho Cordova averaged $81.93 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

  • Rancho Cordova, CA Total Office Sales Volume in 2023 $41.4M
  • Rancho Cordova, CA Total Number of Office Sales Closed in 2023 6
A total of 6 deals closed on the Rancho Cordova office market in 2023, adding up to a yearly sales volume of $41.4M. Notably, the largest transaction on the market saw 2868 Prospect Park Drive change hands for $12,650,000 on 4/14/2023.
Data provided by Commercial Edge

Coworking Spaces in California

Largest Office Properties Recently Completed in Rancho Cordova
Office building Address SF Completed
Zinfandel Place 3101 Zinfandel Drive, 95670 129,419 2009
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
10730 International Dr 10730 International Dr, 95670 104,569 2001
Gold River Center 11290 Pyrites Way, 95670 107,020 2000
Capital Center 10734 International Dr, 95670 73,986 2000
Prospect West III 10995 Gold Center Dr, 95670 66,519 2000

Worth noting among recent office completions on the Rancho Cordova market is Zinfandel Place, which is currently the largest new office development in the city, at 129,419 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 Rancho Cordova 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.