2024 Office Space Rent & Sales
- $27.79 2024 Avg. Asking Rent
- 20.91% 2024 Office Vacancy Rate
Lynnwood office price per square foot in 2024 was $27.79 on average. The local office market recorded an average vacancy rate of 20.91% 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
Lynnwood, WA Office Asking Rents by Class
2024 Office Vacancy Rates in Lynnwood
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lynnwood | $27.72 | 14.91% |
| Everett | $24.43 | 11.84% |
Office Spaces for Rent in Washington
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Northpointe Corporate Center I | 15815 25th Avenue West, 98087 | 87,385 | 2007 |
| Northpointe Corporate Center II | 16201 25th Avenue West, 98087 | 70,400 | 2007 |
| 21313 & 21323 68th Avenue West | 21313 68th Avenue West, 98036 | 28,369 | 2005 |
| Redstone Corporate Center I | 19020 33rd Avenue West, 98036 | 202,273 | 2002 |
| 2122 164th Street SW | 2122 164th Street SW, 98087 | 25,233 | 2001 |
| Sparling Technology Center | 4100 194th Street SW, 98036 | 63,225 | 2000 |
| Northview Corporate Center | 20700 44th Avenue West, 98036 | 182,009 | 1991 |
| Lynnwood Corporate Center | 19401 40th Avenue West, 98036 | 73,073 | 1989 |
| 19000 33rd Avenue West | 19000 33rd Avenue West, 98036 | 30,884 | 1989 |
| 5105 200th St SW | 5105 200th St SW, 98036 | 5,928 | 1988 |
Worth noting among recent office completions on the Lynnwood market is Northpointe Corporate Center I, which is currently the largest new office development in the city, at 87,385 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 Lynnwood 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.