Highlights
- The average rent for office space in Richland is $17.54 per square foot, 4.97% lower compared to the previous year.
- The average sale price for office space in Richland is $120.78 per square foot, marking an increase of 285.69% compared to 2024.
- The market’s vacancy rate stands at 5.18%, lower than the state average of Washington, which is 19.08%.
2025 Office Space Rent & Sales
- $17.54 2025 Avg. Asking Rent
- -4.97% Y-o-Y Avg. Asking Rent Change
- 5.18% 2025 Office Vacancy Rate
- $46.9M2025 Total Office Sales
- $120.78Avg. Sale Price/SF
What is the average asking rent price for office space in Richland?
Average asking rents for office space here stand at $17.54 per square foot. The local office market recorded an average vacancy rate of 5.18% in 2025, unchanged from 5.18% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $46.9M across 6 sales. These transactions commanded an average sale price per square foot of $120.78.
Richland, 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.
Richland, WA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Greater Richland | $20.56 | 3.41% |
| Kennewick | $18.72 | 6.95% |
| Downtown Richland | $16.54 | 22.57% |
Office Construction in Richland, WA
What are the largest recent office completions in Richland?
The largest recent office completion here is 2261 Stevens Dr at 50,784 square feet, completed in 1988. The next largest completions are Stevens Center and Bradley Landing.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 454 Stevens | 454 Stevens , 99352 | 3,214 | 2020 |
| River View Professional Building | 1355 Columbia Park Trl, 99352 | 21,129 | 2008 |
| Richland Office Space | 1212 Columbia Park Trl, 99352 | 3,760 | 2007 |
| 1950 Keene Road Unit G | 1950 Keene Road Unit G, 99352 | 4,797 | 2006 |
| 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 |
| 1992 Saint Street | 1992 Saint Street, 99352 | 20,280 | 1993 |
| Stevens Center | 2425 Stevens Center Place, 99352 | 46,644 | 1992 |
| 2261 Stevens Dr | 2261 Stevens Dr, 99354 | 50,784 | 1988 |
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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.