2024 Office Space Rent & Sales
- $25.87 2024 Avg. Asking Rent
- 15.51% 2024 Office Vacancy Rate
Vancouver office price per square foot in 2024 was $25.87 on average. The local office market recorded an average vacancy rate of 15.51% 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
- Vancouver Class A & A+ Office Space$30.87
- Vancouver Class B Office Space$25.16
- Vancouver Class C Office Space$13.50
- Washington Class A & A+ Office Space$43.88
- Washington Class B Office Space$28.21
- Washington Class C Office Space$20.51
Vancouver, WA Office Asking Rents by Class
Average office rent in Vancouver rested at $25.87 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Vancouver averaged $30.87 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.16 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $13.50 per square foot, on average. Comparably, statewide Washington average office rents by class in 2024 were: $43.88 per square foot for class A office space; $28.21 per square foot for class B office space; $20.51 per square foot for class C office space.
Office Spaces for Rent in Washington
Coworking Spaces in Washington
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2024 Office Construction in Vancouver, WA
- Vancouver, WA Total SF completed in 2024 330,000
During 2024, 330,000 square feet of new office space were delivered across the market. At the close of 2024, the Vancouver office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 330,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Washougal Town Square | 1700 Main Street, 98671 | 50,000 | 2008 |
| 1710 West Main Street | 1710 W Main St, 98604 | 6,777 | 1999 |
| PeaceHealth Southwest Medical Center - Specialty Clinic Salmon Creek | 2312 NE 129th Street, 98686 | 31,256 | 1994 |
| Padden Commerce Park | 12012 NE 95th Street, 98682 | 407,500 | 1979 |
Worth noting among recent office completions on the Vancouver market is Washougal Town Square, which is currently the largest new office development in the city, at 50,000 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
- Renton Office Rent Price
- Olympia Office Rent Price
- Bothell Office Rent Price
- Everett Office Rent Price
- Chicago Office Rent Price
- Charlotte Office Rent Price
- Dallas Office Rent Price
- San Francisco Office Rent Price
- Manhattan Office Rent Price
- Atlanta Office Rent Price
- Washington 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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Vancouver 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.