2024 Office Space Rent & Sales
- $26.62 2024 Avg. Asking Rent
- 73.20% 2024 Office Vacancy Rate
Lacey office price per square foot in 2024 was $26.62 on average. The local office market recorded an average vacancy rate of 73.20% 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
Lacey, WA Office Asking Rents by Class
Office Spaces for Rent in Washington
Coworking Spaces in Washington
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2024 Office Construction in Lacey, WA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 6th & Woodland Building | 673 Woodland Square Loop SE, 98503 | 59,990 | 2008 |
| 8300 Quinault Dr NE | 8300 Quinault Dr NE, 98516 | 5,240 | 2006 |
| Bell Towne Centre | 4200 6th Avenue SE, 98503 | 45,836 | 2001 |
| Blake Office Park | 4450 10th Avenue SE, 98503 | 107,976 | 1999 |
| The Hub at Lacey - Woodland Center Buildings | 676 Woodland Square Loop SE, 98503 | 138,003 | 1989 |
| Woodview Plaza | 4405 7th Avenue SE, 98503 | 25,554 | 1989 |
| Sixth Avenue Center | 4317 6th Avenue SE, 98503 | 31,317 | 1973 |
Worth noting among recent office completions on the Lacey market is 6th & Woodland Building, which is currently the largest new office development in the city, at 59,990 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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lacey 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.