Beaverton Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $20.91 2023 Avg. Asking Rent
  • 10.62% 2023 Office Vacancy Rate

Beaverton office price per square foot in 2023 was $20.91 on average. The local office market recorded an average vacancy rate of 10.62% 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

  • Oregon Class A & A+ Office Space$35.37
  • Oregon Class B Office Space$23.28
  • Oregon Class C Office Space$26.43

Beaverton, OR Office Asking Rents by Class

2023 Office Vacancy Rates in Beaverton

Submarket Asking Rents Vacancy Rates
Sunset Corridor $24.44 6.94%
Beaverton $21.00 15.59%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Beaverton market was 10.62% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Beaverton was 6.94% in the Sunset Corridor submarket, while the highest office vacancy in the market was 15.59%, recorded in Beaverton.

Office Spaces for Rent in Oregon

Coworking Spaces in Oregon

2023 Office Construction in Beaverton, OR

Largest Office Properties Recently Completed in Beaverton
Office building Address SF Completed
The Round 4145 SW Watson Ave, 97005 121,409 2003
217 Corporate Place 6600 SW 105th Avenue, 97008 50,000 2003
Cornell Road Business Park 16205 NW Bethany Court, 97006 78,206 1997
Nimbus Corporate Center - Buildings 13, 14, 15 & 16 9600 SW Nimbus Avenue, 97008 166,679 1991
Allen Business Park I 6110 SW Arctic Drive, 97005 79,849 1988
Murrayhill Marketplace 14555 SW Teal Blvd, 97007 150,273 1987
1825 NW 167th Place 1825 NW 167th Place, 97006 60,389 1986
Creekside Corporate Park - Building 9405 9405 SW Gemini Drive, 97008 46,000 1986
Cascade Square 8625 SW Cascade Avenue, 97008 92,203 1985
For Sale or Lease - Up to 42,264 SF of office space available at Creekside Four 11000 SW Stratus Street, 97008 42,264 1985

Worth noting among recent office completions on the Beaverton market is The Round, which is currently the largest new office development in the city, at 121,409 square feet.

Data provided by Commercial Edge

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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 Beaverton 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.