Highlights
- The average rent for office space in Kirkland is $48.59 per square foot, 9.39% higher compared to the previous year.
- The market’s vacancy rate stands at 12.49%, lower than the state average of Washington, which is 19.08%.
2025 Office Space Rent & Sales
- $48.59 2025 Avg. Asking Rent
- 9.39% Y-o-Y Avg. Asking Rent Change
- 12.49% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Kirkland?
Average asking rents for office space here stand at $48.59 per square foot. The local office market recorded an average vacancy rate of 12.49% in 2025, unchanged from 12.49% in 2024.
Kirkland, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in WA?
- Avg. Asking Rent Class A & A+$41.77
- Avg. Asking Rent Class B$29.03
- Avg. Asking Rent Class C$21.15
For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.
Office Construction in Kirkland, WA
What are the largest recent office completions in Kirkland?
The largest recent office completion here is Evergreen Plaza at 100,000 square feet, completed in 2005. The next largest completions are Kirkland Ascent and Waterfront Place at Yarrow Bay.
| 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 |
| CAMSS Building | 630 6th St S, 98033 | 4,800 | 2013 |
| CAMSS Building | 630 6th St S, 98033 | 4,800 | 2013 |
| 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 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.