Bothell Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $32.32 2024 Avg. Asking Rent
  • 3.29% Y-o-Y Avg. Asking Rent Change
  • 10.71% 2024 Office Vacancy Rate

Bothell office price per square foot in 2024 was $32.32 on average. This marked a +3.29% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.71% 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

2024 Average Office Rent per Square Foot

  • Washington Class A & A+ Office Space$43.88
  • Washington Class B Office Space$28.21
  • Washington Class C Office Space$20.51

Bothell, WA Office Asking Rents by Class

2024 Office Vacancy Rates in Bothell

Submarket Asking Rents Vacancy Rates
Bothell $31.26 9.73%
Everett $24.43 11.84%
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 Bothell market was 10.71% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Bothell was 9.73% in the Bothell submarket, while the highest office vacancy in the market was 11.84%, recorded in Everett.

Office Spaces for Rent in Washington

Coworking Spaces in Washington

Largest Office Properties Recently Completed in Bothell
Office building Address SF Completed
Junction 18505 Bothell Way NE, 98011 245,000 2017
McGee Professional Building 24003 Bothell Everett Hwy, 98012 3,877 2012
Canyon Pointe 22309 30th Drive SE, 98021 175,616 2007
Mill Creek Town Center 15418 Main Street, 98012 167,758 2005
Canyon Park 228 - East & West 22722 29th Drive SE, 98021 105,021 2001
RG Professional Center 18323 Bothell Everett Hwy, 98012 39,516 2001
North Creek - Building I 11714 North Creek Pkwy North, 98011 39,082 2001
Crystal Creek 22612 Bothell Everett Hwy, 98021 38,500 2001
Canyon Creek Center - Building 1 18303 Bothell Everett Hwy, 98012 48,586 2000
Creekview at Monte Villa Center 3350 Monte Villa Pkwy, 98021 46,000 1999

Worth noting among recent office completions on the Bothell market is Junction, which is currently the largest new office development in the city, at 245,000 square feet.

Data provided by Commercial Edge

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bothell 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.