Highlights
- The average rent for office space in Seattle is $34.66 per square foot, 5.75% higher compared to the previous year.
- The market’s vacancy rate stands at 33.47%, higher than the state average of Washington, which is 19.08%.
- Renting Class A/A+ office space here costs $40.71 per square foot, while Class B averages $32.64 and Class C stands at $30.08.
- 227,577 square feet is currently under construction.
2025 Office Space Rent & Sales
- $34.66 2025 Avg. Asking Rent
- 5.75% Y-o-Y Avg. Asking Rent Change
- 33.47% 2025 Office Vacancy Rate
- $185.1M2025 Total Office Sales
- $167.58Avg. Sale Price/SF
What is the average asking rent price for office space in Seattle?
Average asking rents for office space here stand at $34.66 per square foot. The local office market recorded an average vacancy rate of 33.47% in 2025, unchanged from 33.47% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $185.1M across 22 sales. These transactions commanded an average sale price per square foot of $167.58.
Seattle, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in Seattle?
- Avg. Asking Rent Class A & A+$40.71
- Avg. Asking Rent Class B$32.64
- Avg. Asking Rent Class C$30.08
The average asking rent for Class A and A+ office space stood at $40.71 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Seattle averaged $32.64 per square foot, while the average for Class C space was $30.08 per square foot.
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.
Seattle, WA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Denny Triangle | $49.07 | 46.83% |
| Belltown | $43.09 | 28.06% |
| First Hill | $42.15 | 17.92% |
| SoDo | $37.69 | 29.19% |
| Northern Seattle | $37.24 | 33.48% |
| Uptown | $35.83 | 38.40% |
| Seattle - Central Business District | $35.82 | 36.64% |
| Lake Union | $35.06 | 21.15% |
| Pioneer Square | $31.70 | 44.54% |
| Lynnwood | $29.52 | 17.31% |
| Renton | $25.65 | 23.93% |
| Kent - SeaTac | $24.74 | 13.38% |
| Southern Seattle | $24.40 | 20.01% |
2025 Office Sales Volume
- $167.582025 Avg. Price per SF
- -44.52%Y-o-Y Avg. PpSF Change
- $185.1M2025 Office Sales Volume
- 222025 Number of Transactions
What is the average sale price per square foot for office space in Seattle?
Average sale prices for office space in this market recorded a -44.52% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $167.58 per square foot. For comparison, the statewide Washington average during the same time period stood at $211.80 per square foot, while the national average was $182.48 per square foot.
Seattle, WA Sale Price per SF Trend
- Seattle Avg. Sale Price per SF in 2025$167.58
- Washington Avg. Sale Price per SF in 2025$211.80
What was the total office sales volume in Seattle in 2025?
The local office market recorded 22 deals in 2025, adding up to a yearly sales volume of $185.1M.
- Seattle, WA Total Office Sales Volume in 2025 $185.1M
- Seattle, WA Total Number of Office Sales Closed in 2025 22
What were the largest office building sales in Seattle in 2025?
The market’s largest transaction last year was the sale of Market Place I & II for $60,050,000 on 11/21/2025. The next-highest sale was the transaction involving Polyclinic Broadway, The, which traded for $27,250,000. The third-largest transaction was the sale of 425 Pontius Avenue North for $13,000,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Market Place I & II | 2001 Western Avenue | 11/21/2025 | $60,050,000 |
| Polyclinic Broadway, The | 1145 Broadway | 12/19/2025 | $27,250,000 |
| 425 Pontius Avenue North | 425 Pontius Avenue North | 12/18/2025 | $13,000,000 |
| Pier 70 | 2801 Alaskan Way | 1/16/2025 | $10,980,000 |
| Colman Building, The | 811 1st Avenue | 1/17/2025 | $9,500,000 |
2025 Office Construction in Seattle, WA
- Seattle, WA Total SF completed in 2025 377,788
- Seattle, WA Total SF under construction in 2026 227,577
How much office space was built in Seattle in 2025?
Looking forward, development activity in 2026 is estimated to add 227,577 square feet of office space to the market in total.
What are the largest recent office completions in Seattle?
The largest recent office completion here is Washington 1000 at 556,000 square feet, completed in 2024. The next largest completions are 1916 Boren Ave and 1916 Boren.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1916 Boren Ave | 1916 Boren Ave, 98101 | 282,741 | 2025 |
| Gateway Building | 4328 Brooklyn Ave - Gateway Building, 98105 | 261,418 | 2025 |
| The First Light | 2000 3rd Avenue, 98121 | 120,932 | 2025 |
| Washington 1000 | 1000 Olive Way, 98101 | 556,000 | 2024 |
| 1916 Boren | 1916 Boren Avenue, 98101 | 282,716 | 2024 |
| The Chapter Buildings - Building I | 4530 12th Avenue NE, 98105 | 248,631 | 2024 |
| 222 Fifth | 225 5th Avenue North, 98109 | 197,919 | 2024 |
| The Chapter Buildings - Building II | 4536 Brooklyn Avenue NE, 98105 | 156,586 | 2024 |
| Northlake Commons | 3800 Latona Avenue NE, 98105 | 196,000 | 2023 |
| The Jack | 74 South Jackson Street, 98104 | 155,132 | 2023 |
See reports for other markets
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Kirkland Office Rent Price
- Vancouver Office Rent Price
- Renton Office Rent Price
- Olympia Office Rent Price
- Bothell Office Rent Price
- Everett Office Rent Price
- Tacoma Office Rent Price
- Federal Way Office Rent Price
- Lynnwood Office Rent Price
- Issaquah Office Rent Price
- Gig Harbor Office Rent Price
- Tukwila Office Rent Price
- Kent Office Rent Price
- Dallas Office Rent Price
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.