2023 Office Space Rent & Sales
- $28.23 2023 Avg. Asking Rent
- 4.73% 2023 Office Vacancy Rate
Riverside office price per square foot in 2023 was $28.23 on average. The local office market recorded an average vacancy rate of 4.73% 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
Riverside, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Riverside
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Riverside | $28.23 | 5.02% |
| Moreno Valley | $26.40 | 5.63% |
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Riverside, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Citrus Tower | 3390 University Ave., 92507 | 137,122 | 2012 |
| Towers at Riverwalk | 4204 Riverwalk Pky., 92505 | 96,824 | 2008 |
| Towers at Riverwalk | 4210 Riverwalk Pky., 92505 | 96,824 | 2008 |
| Building 3 | 1450 Iowa Ave., 92507 | 55,253 | 2007 |
| Buildings 7 & 8 | 19314 Jesse Ln., 92508 | 17,263 | 2007 |
| Buildings 3 & 4 | 19340 Jesse Ln., 92508 | 13,626 | 2007 |
| 4199 FLAT ROCK DR RIVERSIDE | 4199 FLAT ROCK DR RIVERSIDE • CALIFORINA 9250, 92505 | 4,635 | 2007 |
| Turner Riverwalk - Building 35 | 11870 Pierce St., 92505 | 40,892 | 2006 |
| Chicago Gateway - Building B | 1955 Chicago Ave., 92507 | 34,457 | 2006 |
| Chicago Gateway - Building B | 1955 Chicago Ave., 92507 | 34,457 | 2006 |
Worth noting among recent office completions on the Riverside market is Citrus Tower, which is currently the largest new office development in the city, at 137,122 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
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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 Riverside 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.