Commercial Real Estate Market in California
California has 21,788 active for-sale listings and 22,452 active for-lease listings. Statewide, the median asking price is $344/SF and the median asking rent is $23.10/SF/Yr as of November 2026. Realmo tracks 335 city markets here; among the 158 with enough listings to rank, median asking prices range from $115/SF in Oroville to $949/SF in Palo Alto.
- Median asking price
- $344/SF
- Median asking rent
- $23.10/SF/Yr
- For-sale listings
- 21,788
- For-lease listings
- 22,452
- City markets
- 335
Highest- and Lowest-Priced Markets
Asking prices vary across California: the median in Palo Alto is $949/SF, 8.2x the $115/SF median in Oroville. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Palo Alto at $949/SF, Santa Barbara at $784/SF and Culver City at $761/SF. The lowest median asking prices are in Oroville at $115/SF, Fortuna at $125/SF and Apple Valley at $135/SF. 79 of 158 ranked markets have median asking prices above the statewide $344/SF.
Asking Rents
The highest median asking rents are in Laguna Beach at $52.26/SF/Yr, Burlingame at $46.44/SF/Yr and San Francisco at $39.12/SF/Yr. The lowest median asking rents are in Santa Clara at $12.00/SF/Yr, San Jose at $12.00/SF/Yr and Concord at $12.00/SF/Yr. 14 of 32 ranked markets have median asking rents above the statewide $23.10/SF/Yr.
California vs. Neighboring States
The median asking price in California is $344/SF, above the $228/SF median of its 3 neighboring states. By median asking price, the state is the highest of the 4 in the group. The median asking rent is $23.10/SF/Yr, compared with $19.95/SF/Yr in Arizona, $22.00/SF/Yr in Oregon and $14.28/SF/Yr in Nevada next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| California | $344 | $23.10 | 21,788 | 22,452 |
| Arizona | $230 | $19.95 | 4,286 | 4,510 |
| Nevada | $222 | $14.28 | 1,270 | 1,472 |
| Oregon | $228 | $22.00 | 3,640 | 2,410 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in California
Realmo tracks 335 city markets in California; the 40 with the most active listings are listed below.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Los Angeles | 5,010 | $407 | $28.05 |
| Woodland Hills | 5,010 | $407 | $28.05 |
| San Francisco | 2,052 | $535 | $39.12 |
| San Diego | 1,737 | $616 | $19.80 |
| Sacramento | 1,208 | $272 | $21.90 |
| San Jose | 967 | $503 | $12.00 |
| Oakland | 927 | $305 | $21.90 |
| Fresno | 726 | $186 | — |
| Long Beach | 635 | $418 | — |
| Bakersfield | 470 | $192 | $12.00 |
| Ontario | 430 | $323 | $31.80 |
| Riverside | 382 | $310 | $21.90 |
| Santa Ana | 370 | $416 | $24.00 |
| Stockton | 358 | $186 | — |
| San Bernardino | 354 | $241 | — |
| Irvine | 304 | — | — |
| Chico | 294 | $176 | $15.00 |
| Anaheim | 284 | $372 | — |
| Santa Rosa | 281 | $342 | — |
| Hayward | 277 | $336 | — |
| Fremont | 251 | $480 | $19.20 |
| Torrance | 238 | $464 | — |
| Santa Barbara | 237 | $784 | $38.27 |
| Roseville | 234 | $235 | — |
| Santa Monica | 234 | $652 | — |
| Santa Clara | 227 | $585 | $12.00 |
| Burbank | 222 | $576 | — |
| Van Nuys | 220 | $336 | $30.00 |
| North Hollywood | 218 | $470 | — |
| Redding | 213 | $155 | — |
| Glendale | 210 | $525 | — |
| Pasadena | 206 | $539 | — |
| Walnut Creek | 205 | — | $30.00 |
| Rancho Cucamonga | 204 | $373 | $29.40 |
| Victorville | 203 | $235 | $15.01 |
| Palo Alto | 202 | $949 | — |
| Oxnard | 201 | $328 | — |
| Lancaster | 199 | $225 | $21.02 |
| Fontana | 197 | $324 | — |
| Pomona | 196 | $444 | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in California?
How much does it cost to lease commercial space in California?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in California compare with neighboring states?
Which markets in California have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 21,788 active for-sale and 22,452 active for-lease listings across California in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 9,104 for-sale and 1,622 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
