2023 Office Space Rent & Sales
- $28.29 2023 Avg. Asking Rent
- 1.36% Y-o-Y Avg. Asking Rent Change
- 13.08% 2023 Office Vacancy Rate
Tustin office price per square foot in 2023 was $28.29 on average. This marked a +1.36% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.08% 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
Tustin, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Tustin
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Irvine Business Complex | $32.25 | 16.00% |
| Tustin | $30.08 | 22.22% |
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Tustin, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| FLIGHT at Tustin Legacy - Buildings A-1 & A- 2 | 1770 Barranca Pkwy, 92606 | 178,936 | 2019 |
| Hoag Health Center - Tustin Legacy | 15000 Kensington Park Drive, 92782 | 60,000 | 2018 |
| The Market Place - 2851-3040 El Camino Real & 2740 Bryan Avenue | 2961 El Camino Real, 92782 | 705,041 | 1988 |
| 1311 Valencia Avenue | 1311 Valencia Avenue, 92780 | 55,000 | 1987 |
| Tustin Medical Office Building II | 14642 Newport Avenue, 92780 | 54,671 | 1985 |
| Tustin Executive Center | 17542 E. 17th St., 92680 | 90,932 | 1984 |
| Warner Red Hill Business Park - 15991 Red Hill Avenue | 15991 Red Hill Avenue, 92780 | 44,513 | 1984 |
| 18231 Irvine Blvd | 18231 Irvine Blvd, 92780 | 18,226 | 1984 |
| Tustin Corporate Center - 18302 Irvine Blvd | 18302 Irvine Blvd, 92780 | 43,160 | 1983 |
| Warner Corporate Park | 1371 Warner Avenue, 92780 | 76,246 | 1982 |
Worth noting among recent office completions on the Tustin market is FLIGHT at Tustin Legacy - Buildings A-1 & A- 2, which is currently the largest new office development in the city, at 178,936 square feet.
See reports for other markets
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- 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 Tustin 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.