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.
| 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.
See reports for nearby markets
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.