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Issaquah Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $35.31 2020 Avg. Asking Rent
  • 1.23% Y-o-Y Avg. Asking Rent Change
  • 7.28% 2020 Office Vacancy Rate

Issaquah office price per square foot in 2020 was $35.31 on average. This marked a +1.23% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.28% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Issaquah Class A Office Space$45.89
  • Issaquah Class B Office Space$32.87
  • Washington Class A Office Space$45.83
  • Washington Class B Office Space$28.37
  • Washington Class C Office Space$19.66

Issaquah, WA Office Asking Rents by Class

2020 Office Construction in Issaquah, WA

  • Issaquah, WA Total SF completed in 2020 56,296

During 2020, 56,296 square feet of new office space were delivered across the market. At the close of 2020, the Issaquah office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 56,296 square feet of office space.

Largest Office Properties Recently Completed in Issaquah
Office building Address SF Completed
999 Lake Drive - Expansion 999 Lake Drive, 98027 620,000 2022
Lake Place IV SEC Lake Drive & 11th Avenue NW, 98027 575,000 2022
2005 Poplar 2005 NW Poplar Way, 98027 68,570 2020
Issaquah Medical Building 1301 4th Avenue NW, 98027 52,671 2011
Highmark Medical Center 1740 NW Maple Street, 98027 46,000 2010
Proliance Highlands Medical Center 510 8th Avenue NE, 98029 43,000 2008
1700 NW Gilman Blvd 1700 NW Gilman Blvd, 98027 40,302 2007
1011 NE High Street 1011 NE High Street, 98029 30,545 2007
90 East Campus - Building D 21933 SE 51st Street, 98029 231,834 2001
90 East Campus - Building E 21930 SE 51st Street, 98029 176,656 2001

Worth noting among recent office completions on the Issaquah market is 999 Lake Drive - Expansion, which is currently the largest new office development in the city, at 620,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

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  • Renton 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Issaquah 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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