Highlights
- The average rent for office space in Everett is $28.41 per square foot, 13.19% higher compared to the previous year.
- The market’s vacancy rate stands at 14.27%, lower than the state average of Washington, which is 19.08%.
2025 Office Space Rent & Sales
- $28.41 2025 Avg. Asking Rent
- 13.19% Y-o-Y Avg. Asking Rent Change
- 14.27% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Everett?
Average asking rents for office space here stand at $28.41 per square foot. The local office market recorded an average vacancy rate of 14.27% in 2025, unchanged from 14.27% in 2024.
Everett, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in WA?
- Avg. Asking Rent Class A & A+$41.77
- Avg. Asking Rent Class B$29.03
- Avg. Asking Rent Class C$21.15
For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.
Office Construction in Everett, WA
What are the largest recent office completions in Everett?
The largest recent office completion here is Everett Mall Office Park II & III at 199,907 square feet, completed in 1986. The next largest completions are North Sound Tower and Colby Center.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Evergreen Summit | 15 SW Everett Mall Way, 98204 | 25,360 | 2008 |
| 8620 Holly Dr | 8620 Holly Dr, 98208 | 13,750 | 2001 |
| 8630 Evergreen Way | 8630 Evergreen Way, 98204 | 15,296 | 2000 |
| North Sound Tower | 2707 Colby Avenue, 98201 | 145,000 | 1994 |
| Colby Center | 2825 Colby Avenue, 98201 | 41,180 | 1994 |
| Everett Mall Office Park II & III | 906 SE Everett Mall Way, 98208 | 199,907 | 1986 |
| Maple Gardens Office Park | 9505 19TH AVE SE, 98208 | 19,526 | 1986 |
| 3224 Wetmore Avenue | 3224 Wetmore Avenue, 98201 | 17,382 | 1986 |
| Casino Square | 205 East Casino Road, 98208 | 36,989 | 1984 |
| 917 134th Street SW | 917 134th Street SW, 98204 | 37,176 | 1979 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.