2024 Office Space Rent & Sales
- $23.73 2024 Avg. Asking Rent
- 28.07% 2024 Office Vacancy Rate
Renton office price per square foot in 2024 was $23.73 on average. The local office market recorded an average vacancy rate of 28.07% 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
Renton, WA Office Asking Rents by Class
Office Spaces for Rent in Washington
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2024 Office Construction in Renton, WA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Valley Medical Pavilion | 4009 Talbot Road, 98055 | 150,000 | 2020 |
| Southport on Lake Washington - Building 1 | 1101 Lake Washington Blvd North, 98056 | 260,415 | 2019 |
| Southport on Lake Washington - Building 2 | 1101 Lake Washington Blvd North, 98056 | 243,815 | 2019 |
| Southport on Lake Washington - Building 3 | 1101 Lake Washington Blvd North, 98056 | 213,221 | 2019 |
| Renton Campus - Glacier & Baker | 1300 SW 27th Street, 98057 | 261,402 | 2017 |
| Glacier Building | 1200 Southwest 27th Street, 98057 | 153,718 | 2017 |
| 200 SW 41st St | 200 SW 41st St, 98057 | 13,385 | 2006 |
| IDC Medical Plaza | 1412 SW 43rd Street, 98057 | 60,916 | 2004 |
| 600 & 606 Oakesdale Avenue SW, 1300 SW 7th Street | 600 Oakesdale Avenue SW, 98057 | 95,315 | 2001 |
| Renton Park 405 | 801 SW 16th Street, 98057 | 436,853 | 1997 |
Worth noting among recent office completions on the Renton market is Valley Medical Pavilion, which is currently the largest new office development in the city, at 150,000 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 Renton 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.