Commercial Real Estate Market in Santa Ana, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
399 active listings and 6,063 off-market properties in Santa Ana, CA. Commercial property asks $328/SF to buy and $23.60/SF/Yr to lease.
Market Trends
Santa Ana, CA spans 44.5 square miles in Orange County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Santa Ana, CA asks $321/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Santa Ana, CA asks $1,114/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Santa Ana, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Santa Ana, CA asks $212/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Santa Ana, CA has 392,422 residents in 110,133 households. Density runs 8,813 people per square mile. Median household income here is $96,041 and median gross rent $2,088 a month.
392,422
Population
110,133
Households
3.6
Avg Household Size
36
Median Age
24%
College-Educated
71%
High-School Grad
44.5 sq mi
ZIP Area
8,813
Density / Sq Mi
$96,041
Median Household Income
$39,890
Median Earnings
$2,088
Median Rent
$757,938
Median Home Value
Tools
Lease vs Buy Breakeven
At $23.60/SF/Yr lease vs $328/SF buy → buying wins if held > 3 years.
The comparison uses county-wide sale comps against Santa Ana asking rents, so the implied 7.2% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tustin | $328 (county avg) | — |
| Orange | $328 (county avg) | $28.35 |
| Irvine | $328 (county avg) | $37.37 |
Commercial property in Santa Ana, CA asks $328/SF. The 3 bordering markets run from $328/SF in Tustin to $328/SF in Tustin, and the city sits in line with their $328/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Santa Ana?
Commercial property in Santa Ana, CA asks an average of $328 per square foot. The 4 most recent recorded sales traded at a median of $319/SF, so asking sits 3% above the achieved median. Retail carries the highest asking price at $1,114/SF.
How much does it cost to lease commercial space in Santa Ana?
Asking lease rates in Santa Ana, CA average $23.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Santa Ana?
Buying beats leasing in Santa Ana, CA if the property is held longer than 3.0 years, comparing $23.60/SF/Yr asking rent with $328/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Santa Ana compare to nearby markets on price?
Santa Ana, CA asks $328/SF against $328/SF in Tustin, $328/SF in Orange and $328/SF in Irvine.
Where does Realmo's Santa Ana market data come from?
Realmo compiles Santa Ana, CA figures from 6 recent recorded sales, 203 active sale listings, 196 active lease listings, 6,063 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 203 active for-sale and 196 active for-lease listings in Santa Ana, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
