2020 Office Space Rent & Sales
- $24.59 2020 Avg. Asking Rent
- 5.25 % Y-o-Y Avg. Asking Rent Change
- 9.21 % 2020 Office Vacancy Rate
Kent office price per square foot in 2020 was $24.59 on average. This marked a +5.25 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.21 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Kent Class B Office Space$24.87
- Kent Class C Office Space$22.75
- Washington Class A Office Space$45.83
- Washington Class B Office Space$28.37
- Washington Class C Office Space$19.66
Kent, WA Office Asking Rents by Class
2020 Office Construction in Kent, WA
|219 State Avenue North||219 State Avenue North, 98032||37,806||2018|
Worth noting among recent office completions on the Kent market is 219 State Avenue North, which is currently the largest new office development in the city, at 37,806 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 Kent 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.