Highlights
- The average rent for office space in Renton is $25.06 per square foot, 5.59% higher compared to the previous year.
- The market’s vacancy rate stands at 25.58%, higher than the state average of Washington, which is 19.08%.
2025 Office Space Rent & Sales
- $25.06 2025 Avg. Asking Rent
- 5.59% Y-o-Y Avg. Asking Rent Change
- 25.58% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Renton?
Average asking rents for office space here stand at $25.06 per square foot. The local office market recorded an average vacancy rate of 25.58% in 2025, unchanged from 25.58% in 2024.
Renton, 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 Renton, WA
What are the largest recent office completions in Renton?
The largest recent office completion here is Southport on Lake Washington - Building 1 at 260,415 square feet, completed in 2019. The next largest completions are Southport on Lake Washington - Building 2 and Southport on Lake Washington - Building 3.
| 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 |
| IDC Medical Plaza | 1412 SW 43rd Street, 98057 | 60,916 | 2004 |
| Windermere Renton Building | 3800 NE 4th St, 98056 | 7,289 | 2003 |
| South 405 Place | 900 SW 16th Street, 98057 | 52,000 | 2001 |
| Renton Medical Pavilion | 601 S Carr Rd, 98055 | 42,112 | 1989 |
| Triton Towers Three | 707 S Grady Way, 98057 | 134,793 | 1987 |
| South Lind Square - Building A | 429 SW 41st St, 98057 | 29,271 | 1987 |
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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.