2023 Office Space Rent & Sales
- $26.83 2023 Avg. Asking Rent
- -0.24% Y-o-Y Avg. Asking Rent Change
- 25.41% 2023 Office Vacancy Rate
Tualatin office price per square foot in 2023 was $26.83 on average. This marked a -0.24% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.41% 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
Tualatin, OR Office Asking Rents by Class
2023 Office Vacancy Rates in Tualatin
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| West Linn | $26.25 | 10.74% |
| Tualatin | $25.15 | 22.78% |
Office Spaces for Rent in Oregon
Coworking Spaces in Oregon
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2023 Office Construction in Tualatin, OR
| Office building | Address | SF | Completed |
|---|---|---|---|
| Pacific Financial Center | 12205 SW Tualatin Road, 97062 | 96,705 | 2008 |
| 18280 SW 108th Ave | 18280 SW 108th Ave, 97062 | 40,532 | 2005 |
| 18280 SW 108th Ave | 18280 SW 108th Ave, 97062 | 40,532 | 2005 |
| One Warm Springs Building | 8050 SW Warm Springs Street, 97062 | 30,106 | 1998 |
| One Warm Springs | 8050 SW Warm Springs Street, 97062 | 25,497 | 1998 |
| 7451 SW Coho Court | 7451 SW Coho CT, 97062 | 13,260 | 1981 |
Worth noting among recent office completions on the Tualatin market is Pacific Financial Center, which is currently the largest new office development in the city, at 96,705 square feet.
See reports for other markets
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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 Tualatin 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.