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Everett Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $20.14 2021 Avg. Asking Rent
  • 1.92% Y-o-Y Avg. Asking Rent Change
  • 13.65% 2021 Office Vacancy Rate

Everett office price per square foot in 2021 was $20.14 on average. This marked a +1.92% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.65% across all asset classes combined.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Everett Class B Office Space$22.76
  • Everett Class C Office Space$17.52
  • Washington Class A & A+ Office Space$42.81
  • Washington Class B Office Space$28.88
  • Washington Class C Office Space$21.69

Everett, WA Office Asking Rents by Class

Office Spaces for Rent in Washington

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Coworking Spaces in Washington

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2021 Office Construction in Everett, WA

Largest Office Properties Recently Completed in Everett
Office building Address SF Completed
3120 Colby Avenue 3120 Colby Avenue, 98201 50,210 2003
Quadrant I-5 Corporate Park - Building B 808 134th Street SW, 98204 68,574 1999
500 SE Everett Mall Way 500 SE Everett Mall Way, 98208 20,000 1999
Quadrant I-5 Corporate Park - Building A 728 134th Street SW, 98204 76,500 1998
Key Bank Tower 2707 Colby Avenue, 98201 145,000 1994
Union Bank Building 2825 Colby Avenue, 98201 41,180 1994
332 SW Everett Mall Way 332 SW Everett Mall Way, 98204 89,672 1993
Everett Technical Park I 1615 75th Street SW, 98203 95,000 1987
Everett Mall Office Park II & III 906 SE Everett Mall Way, 98208 199,907 1986
TERRACE EAST PROFESSIONAL CENTER 9505 19TH AVE SE, 98208 19,526 1986

Worth noting among recent office completions on the Everett market is 3120 Colby Avenue, which is currently the largest new office development in the city, at 50,210 square feet.

Data provided by Commercial Edge

See reports for other markets

  • Seattle Office Rent Price
  • Bellevue Office Rent Price
  • Spokane Office Rent Price
  • Tacoma Office Rent Price
  • Vancouver Office Rent Price
  • Redmond Office Rent Price
  • Bothell Office Rent Price
  • Olympia Office Rent Price
  • Kirkland Office Rent Price
  • Renton Office Rent Price
  • Federal Way Office Rent Price
  • Kent Office Rent Price
  • Lynnwood Office Rent Price
  • Issaquah Office Rent Price
  • Edmonds Office Rent Price
  • San Diego 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 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 Everett 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.

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