Richland Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $18.46 2024 Avg. Asking Rent
  • 9.35% 2024 Office Vacancy Rate

Richland office price per square foot in 2024 was $18.46 on average. The local office market recorded an average vacancy rate of 9.35% 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

Richland, WA Office Asking Rents by Class

2024 Office Vacancy Rates in Richland

Submarket Asking Rents Vacancy Rates
Kennewick $22.02 6.10%
Greater Richland $18.46 9.85%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Richland market was 9.35% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Richland was 6.10% in the Kennewick submarket, while the highest office vacancy in the market was 9.85%, recorded in Greater Richland.

Office Spaces for Rent in Washington

Coworking Spaces in Washington

2024 Office Construction in Richland, WA

Largest Office Properties Recently Completed in Richland
Office building Address SF Completed
2517 Logan St 2517 Logan St, 99352 11,760 2024
454 Stevens 454 Stevens , 99352 3,214 2020
River View Professional Building 1355 Columbia Park Trl, 99352 21,129 2008
2381 Robertson Dr 2381 Robertson Dr, 99354 3,831 2008
Richland Office Suites 1212 Columbia Park Trl, 99352 3,760 2007
1846 Terminal Dr 1846 Terminal Dr, 99354 7,600 2001
Columbia Center Professional Suite 1491 Tapteal Dr, 99352 2,710 1999
Bradley Landing 303-309 Bradley Blvd, 99352 37,372 1995
1766 Fowler St 1766 Fowler St, 99352 16,569 1979
1766 Fowler St 1766 Fowler St, 99352 16,569 1979

Worth noting among recent office completions on the Richland market is 2517 Logan St, which is currently the largest new office development in the city, at 11,760 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Richland 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.