Bothell Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $28.06 2021 Avg. Asking Rent
  • 3.52% Y-o-Y Avg. Asking Rent Change
  • 13.76% 2021 Office Vacancy Rate
  • $451.5M2021 Total Office Sales
  • $281.37Avg. Sale Price/SF

Bothell office price per square foot in 2021 was $28.06 on average. This marked a +3.52% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.76% across all asset classes combined. The 24 transactions that closed here throughout 2021 amounted to a total sale volume of $451.5M. Bothell office space commanded an average sale price per square foot of $281.37.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Bothell Class A & A+ Office Space$28.02
  • Bothell Class B Office Space$28.07
  • Washington Class A & A+ Office Space$42.81
  • Washington Class B Office Space$28.88
  • Washington Class C Office Space$21.69

Bothell, WA Office Asking Rents by Class

Office Spaces for Rent in Washington

Bothell Office Sale Price per SF

  • $281.372021 Avg. Price per SF
  • -3.90%Y-o-Y Avg. PpSF Change
  • $451.5M2021 Office Sales Volume
  • 242021 Number of Transactions

Bothell, WA Sale Price per SF Trend

  • Bothell Avg. Sale Price per SF in 2021$281.37
  • Washington Avg. Sale Price per SF in 2021$499.90
Bothell office space cost in 2021 marked a -3.90% change compared to the previous year. The sale price for office space in Bothell averaged $281.37 per square foot in 2021, across all market subdivisions and asset classes. Conversely, the statewide Washington average office sale price during the same time period was $499.90 per square foot.

2021 Office Sales Volume

  • Bothell, WA Total Office Sales Volume in 2021 $451.5M
  • Bothell, WA Total Number of Office Sales Closed in 2021 24
A total of 24 deals closed on the Bothell office market in 2021, adding up to a yearly sales volume of $451.5M. Notably, the largest transaction on the market saw Highlands Campus Tech Centre change hands for $52,348,300 on 4/1/2021.

Largest Bothell Office Sales in 2021

Property name Address Date Price
Highlands Campus Tech Centre 21520 30th Drive SE 4/1/2021 $52,348,300
Canyon Park Heights 21540 30th Drive SE 3/1/2021 $45,000,000
Canyon Park 228 - East & West 22722 29th Drive SE 8/10/2021 $31,900,000
North Creek Place 12100 NE 195th Street 10/12/2021 $27,300,000
North Creek Parkway Center - 11804, 18706, 18804 & 18916 North Creek Pkwy 11804 North Creek Pkwy 1/27/2021 $25,665,110
Data provided by Commercial Edge

Coworking Spaces in Washington

2021 Office Construction in Bothell, WA

Largest Office Properties Recently Completed in Bothell
Office building Address SF Completed
Woodlands Tech Campus 1909 214th Street SE, 98021 85,111 2007
Canyon Park 228 - East & West 22722 29th Drive SE, 98021 105,021 2001
North Creek - Building I 11714 North Creek Pkwy North, 98011 39,082 2001
18303 Bothell Everett Hwy 18303 Bothell Everett Hwy, 98012 25,960 2000
Parklands North Creek C-H 19801 North Creek Pkwy, 98011 325,806 1999
Creekview at Monte Villa Center 3350 Monte Villa Pkwy, 98021 46,000 1999
3830 Monte Villa Pkwy 3830 Monte Villa Pkwy, 98021 63,200 1998
Monte Villa Business Park - Creekside Building 24000 35th Avenue SE, 98021 43,942 1998
The Clark Building 3700 Monte Villa Pkwy, 98021 62,788 1997
Monte Villa Farms - 3303 Monte Villa Pkwy 3303 Monte Villa Pkwy, 98021 90,878 1994

Worth noting among recent office completions on the Bothell market is Woodlands Tech Campus, which is currently the largest new office development in the city, at 85,111 square feet.

Data provided by Commercial Edge

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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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. 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.