Eugene Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.40 2024 Avg. Asking Rent
  • 11.36% 2024 Office Vacancy Rate

Eugene office price per square foot in 2024 was $24.40 on average. The local office market recorded an average vacancy rate of 11.36% 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

  • Eugene Class A & A+ Office Space$25.91
  • Eugene Class B Office Space$22.35
  • Oregon Class A & A+ Office Space$33.32
  • Oregon Class B Office Space$25.72
  • Oregon Class C Office Space$18.77

Eugene, OR Office Asking Rents by Class

2024 Office Vacancy Rates in Eugene

Submarket Asking Rents Vacancy Rates
Eugene - North $26.33 7.91%
Eugene - Central $23.62 16.88%
Data provided by Yardi Research
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 Eugene market was 11.36% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Eugene was 7.91% in the Eugene - North submarket, while the highest office vacancy in the market was 16.88%, recorded in Eugene - Central.

Office Spaces for Rent in Oregon

Coworking Spaces in Oregon

2024 Office Construction in Eugene, OR

Largest Office Properties Recently Completed in Eugene
Office building Address SF Completed
1400 Valley River Drive 1400 Valley River Drive, 97401 25,444 2017
The Ten Coburg 10 Coburg Road, 97401 34,000 2009
Chase Gardens Medical Center North 330 South Garden Way, 97401 91,392 2008
10th & Mill 360 East 10th Avenue, 97401 60,198 2002
10th & Mill Building 360 East 10th Avenue, 97401 57,774 2002
4710 Village Plaza Loop 4710 Village Plaza Loop, 97401 27,230 1999
1125 Darlene Ln 1125 Darlene Ln, 97401 14,375 1999
2975 Chad Drive 2975 Chad Drive, 97408 151,187 1998
920 Country Club Road 920 Country Club Road, 97401 35,642 1998
800 Willamette Street 800 Willamette Street, 97401 90,512 1995

Worth noting among recent office completions on the Eugene market is 1400 Valley River Drive, which is currently the largest new office development in the city, at 25,444 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Eugene 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 Yardi Research Data can guarantee that the information provided is complete.