2020 Office Space Rent & Sales
- $45.04 2020 Avg. Asking Rent
- 3.78 % Y-o-Y Avg. Asking Rent Change
- 35.17 % 2020 Office Vacancy Rate
Renton office price per square foot in 2020 was $45.04 on average. This marked a +3.78 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 35.17 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Renton Class A Office Space$51.93
- Renton Class B Office Space$27.99
- Washington Class A Office Space$45.83
- Washington Class B Office Space$28.37
- Washington Class C Office Space$19.66
Renton, WA Office Asking Rents by Class
2020 Office Construction in Renton, WA
- Renton, WA Total Sqft completed in 2020 150,000
During 2020, 150,000 square feet of new office space were delivered across the market. At the close of 2020, the Renton office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 150,000 square feet of office space.
|200 South 3rd Street||200 South 3rd Street, 98055||6,247||1999|
|879 Rainier Avenue North||879 Rainier Avenue North, 98055||26,880||1983|
|225 Williams Avenue South||225 Williams Avenue South, 98055||52,475||1966|
|450 Shattuck Avenue South||450 Shattuck Avenue South, 98057||42,209||1920|
Worth noting among recent office completions on the Renton market is 200 South 3rd Street, which is currently the largest new office development in the city, at 6,247 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.