2020 Office Space Rent & Sales
- $24.59 2020 Avg. Asking Rent
- 9.21% 2020 Office Vacancy Rate
Kent office price per square foot in 2020 was $24.59 on average. 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
- Kent, WA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Kent office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 219 State Avenue North | 219 State Avenue North, 98032 | 37,806 | 2018 |
| Walker Business Plaza - Buildings D, E & F | 19717 62nd Avenue South, 98028 | 91,186 | 2006 |
| Kent Station - 321 Ramsay Way | 321 Ramsay Way, 98032 | 78,314 | 2005 |
| Walker Business Plaza - Buildings A, B & C | 19625 62nd Avenue South, 98032 | 77,955 | 2004 |
| Kent Hall | 19802 62nd Avenue South, 98032 | 48,301 | 2003 |
| Covington Place | 16720 SE 271st Street, 98042 | 31,917 | 2002 |
| Meeker Street Law Office Building | 425 West Meeker Street, 98032 | 26,976 | 1998 |
| 19823 58th Place South | 19823 58th Place South, 98032 | 30,000 | 1989 |
| 823 & 841 Central Avenue North | 823 Central Avenue North, 98032 | 109,163 | 1987 |
| CenterPointe Business Park | 18000 72nd Avenue South, 98032 | 101,377 | 1987 |
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.