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
Coworking Spaces in Washington
- Los Angeles Coworking Space
- Denver Coworking Space
- San Diego Coworking Space
- San Francisco Coworking Space
- Las Vegas Coworking Space
- Seattle Coworking Space
- Phoenix Coworking Space
- Portland Coworking Space
- Irvine Coworking Space
- Sacramento Coworking Space
- Scottsdale Coworking Space
- Salt Lake City Coworking Space
- Bellevue Coworking Space
- Oakland Coworking Space
- San Jose Coworking Space
- Carlsbad Coworking Space
- Long Beach Coworking Space
- Tacoma Coworking Space
- Pasadena Coworking Space
- Berkeley Coworking Space
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 |
| Glacier Building | 1200 Southwest 27th Street, 98057 | 153,718 | 2017 |
| 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 SE Carr Rd, 98055 | 42,112 | 1989 |
| Triton Towers Three | 707 S Grady Way, 98057 | 134,793 | 1987 |
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.
See reports for other markets
- Seattle Office Rent Price
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Kirkland Office Rent Price
- Vancouver Office Rent Price
- Olympia Office Rent Price
- Bothell Office Rent Price
- Everett Office Rent Price
- Tacoma Office Rent Price
- Federal Way Office Rent Price
- Issaquah Office Rent Price
- Lynnwood Office Rent Price
- Kent Office Rent Price
- Tukwila Office Rent Price
- Yakima Office Rent Price
- Edmonds Office Rent Price
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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.