2024 Office Space Rent & Sales
- $44.42 2024 Avg. Asking Rent
- 7.46% 2024 Office Vacancy Rate
Kirkland office price per square foot in 2024 was $44.42 on average. The local office market recorded an average vacancy rate of 7.46% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Washington Class A & A+ Office Space$43.88
- Washington Class B Office Space$28.21
- Washington Class C Office Space$20.51
Kirkland, WA Office Asking Rents by Class
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2024 Office Construction in Kirkland, WA
- Kirkland, WA Total SF completed in 2024 56,470
During 2024, 56,470 square feet of new office space were delivered across the market. At the close of 2024, the Kirkland office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 56,470 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Kirkland Ascent | 620 5th Avenue South, 98033 | 56,470 | 2024 |
| 1029 Market St, Suite 201 | 1029 Market St, Suite 201, 98033 | 11,995 | 2018 |
| 11415 Slater Avenue NE | 11415 Slater Avenue NE, 98033 | 4,894 | 2009 |
| Waterfront Place at Yarrow Bay | 5209 Lake Washington Blvd NE, 98033 | 54,747 | 2008 |
| Rose Hill Plaza | 12801 NE 85th St, 98033 | 6,823 | 2007 |
| 1414 Market St | 1414 Market St, 98033 | 10,871 | 2006 |
| Hanson Professional Building | 1414 Market St, 98033 | 10,871 | 2006 |
| Evergreen Plaza | 11800 NE 128th Street, 98034 | 100,000 | 2005 |
| Yarrow Bay Plaza | 10510 Northup Way, 98033 | 53,400 | 2001 |
| Kirkland Commons | 8815 122nd Avenue NE, 98033 | 47,840 | 2001 |
Worth noting among recent office completions on the Kirkland market is Kirkland Ascent, which is currently the largest new office development in the city, at 56,470 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Kirkland 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 Yardi Research Data can guarantee that the information provided is complete.