2023 Office Space Rent & Sales
- $42.56 2023 Avg. Asking Rent
- 1.26% Y-o-Y Avg. Asking Rent Change
- 29.31% 2023 Office Vacancy Rate
San Rafael office price per square foot in 2023 was $42.56 on average. This marked a +1.26% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 29.31% 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
San Rafael, CA Office Asking Rents by Class
2023 Office Vacancy Rates in San Rafael
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Larkspur | $58.42 | 8.77% |
| San Rafael | $41.96 | 29.86% |
Office Spaces for Rent in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Bayview Landing | 2350 - 2370 Kerner Blvd, 94915 | 114,618 | 2008 |
| 171-181 Third St | 181 Third St, 94915 | 16,172 | 2004 |
| Rafael Town Center | 999 Fifth Ave, 94901 | 41,793 | 2001 |
| 22 Pelican Wy | 22 Pelican Wy, 94903 | 33,760 | 1999 |
| 1852 4th Street | 1852 4th Street, 94901 | 4,100 | 1998 |
| Regency Center II | 200 Smith Ranch Road, 94903 | 124,196 | 1997 |
| 111 McInnis Pkwy | 111 McInnis Pkwy, 94903 | 118,103 | 1994 |
| Civic Center Plaza | 3900 & 3950 Civic Center, 94903 | 96,000 | 1989 |
| Regency Center II | 200 Smith Ranch Rd, | 129,000 | 1988 |
| Regency Center I | 100 Smith Ranch Rd., 94903 | 104,000 | 1988 |
Worth noting among recent office completions on the San Rafael market is Bayview Landing, which is currently the largest new office development in the city, at 114,618 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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- 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 San Rafael 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.