2024 Office Space Rent & Sales
- $18.46 2024 Avg. Asking Rent
- 9.35% 2024 Office Vacancy Rate
Richland office price per square foot in 2024 was $18.46 on average. The local office market recorded an average vacancy rate of 9.35% 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
Richland, WA Office Asking Rents by Class
2024 Office Vacancy Rates in Richland
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Kennewick | $22.02 | 6.10% |
| Greater Richland | $18.46 | 9.85% |
Office Spaces for Rent in Washington
Coworking Spaces in Washington
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2024 Office Construction in Richland, WA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2564 Robertson Drive | 2564 Robertson Drive, 99354 | 7,500 | 2020 |
| Horn Rapids Industrial Park Warehouse | 2746 Kingsgate Way, 99354 | 8,191 | 2016 |
| 1305 Fowler St Suite 1D | 1305 Fowler St Suite 1D, 99352 | 24,985 | 2012 |
| 2465 Stevens Dr | 2465 Stevens Dr, 99354 | 6,020 | 2010 |
| 2381 Robertson Dr | 2381 Robertson Dr, 99354 | 3,831 | 2008 |
| 2510 Aileron Ln | 2510 Aileron Ln, 99354 | 4,000 | 2007 |
| Bradley Landing | 303 Bradley Blvd, 99352 | 37,372 | 1995 |
| 2261 Stevens Dr | 2261 Stevens Dr, 99354 | 50,784 | 1988 |
| Sigma III | 3160 George Washington Way, 99352 | 20,353 | 1977 |
| 2940 George Washington Way | 2940 George Washington Way, 99354 | 40,000 | 1976 |
Worth noting among recent office completions on the Richland market is 2564 Robertson Drive, which is currently the largest new office development in the city, at 7,500 square feet.
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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 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 Richland 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.