2023 Office Space Rent & Sales
- $26.20 2023 Avg. Asking Rent
- -0.09% Y-o-Y Avg. Asking Rent Change
- 18.22% 2023 Office Vacancy Rate
Tukwila office price per square foot in 2023 was $26.20 on average. This marked a -0.09% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.22% 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
- Washington Class A & A+ Office Space$45.53
- Washington Class B Office Space$31.05
- Washington Class C Office Space$35.93
Tukwila, WA Office Asking Rents by Class
2023 Office Vacancy Rates in Tukwila
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Southern Seattle | $31.86 | 24.73% |
| Kent - SeaTac | $29.73 | 8.98% |
| Renton | $28.26 | 30.52% |
Office Spaces for Rent in Washington
Coworking Spaces in Washington
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| Office building | Address | SF | Completed |
|---|---|---|---|
| The Offices at Intergate Seattle - Building A | 12401 East Marginal Way South, 98168 | 83,414 | 2001 |
| Fairway Center | 14220 Interurban Avenue South, 98168 | 82,537 | 1990 |
| Riverfront Technical Park | 2811 South 102nd Street, 98168 | 175,068 | 1987 |
| Gateway Corporate Center - Buildings 1-3 & 8 | 12886 Interurban Avenue South, 98168 | 177,127 | 1986 |
| Riverview Plaza | 16040 Christensen Road, 98188 | 171,000 | 1982 |
| Tukwila Commerce Park - Bldg B | 12620-12626 Interurban Ave S, 98168 | 29,944 | 1980 |
| 14973 INTERURBAN AVE S | 14973 INTERURBAN AVE S, 98168 | 7,530 | 1980 |
| Southcenter Place | 16400 Southcenter Pkwy, 98188 | 64,725 | 1979 |
| Seattle Exchange @ Southcenter - Bldg 34 | 1038-1052 Industry Dr, 98188 | 17,480 | 1978 |
| Seattle Exchange @ Southcenter - Bldg 23 | 855-871 Industry Dr, 98188 | 10,500 | 1978 |
Worth noting among recent office completions on the Tukwila market is The Offices at Intergate Seattle - Building A, which is currently the largest new office development in the city, at 83,414 square feet.
See reports for other markets
- Seattle Office Rent Price
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Kirkland Office Rent Price
- Vancouver Office Rent Price
- Renton Office Rent Price
- Olympia Office Rent Price
- Bothell Office Rent Price
- Everett Office Rent Price
- Washington Office Rent Price
- Manhattan Office Rent Price
- San Diego Office Rent Price
- Atlanta Office Rent Price
- Denver Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
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 Tukwila 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.