Tukwila Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $26.86 2024 Avg. Asking Rent
  • 2.51% Y-o-Y Avg. Asking Rent Change
  • 16.44% 2024 Office Vacancy Rate

Tukwila office price per square foot in 2024 was $26.86 on average. This marked a +2.51% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.44% 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

Tukwila, WA Office Asking Rents by Class

2024 Office Vacancy Rates in Tukwila

Submarket Asking Rents Vacancy Rates
Kent - SeaTac $28.12 11.86%
Renton $24.91 27.59%
Southern Seattle $24.06 27.41%
Data provided by Commercial Edge
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 Tukwila market was 16.44% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Tukwila was 11.86% in the Kent - SeaTac submarket, while the highest office vacancy in the market was 27.59%, recorded in Renton.

Office Spaces for Rent in Washington

Coworking Spaces in Washington

Largest Office Properties Recently Completed in Tukwila
Office building Address SF Completed
King Lasik Medical Building 6700 Fort Dent Way, 98188 14,700 2020
The Offices at Intergate Seattle - Building A 12401 East Marginal Way South, 98168 83,414 2001
Fairway Center 14220 Interurban Avenue South, 98168 82,537 1990
Riverfront Technical Park 2811 South 102nd Street, 98168 175,068 1987
Fort Dent One, Two & Three 6720 Fort Dent Way, 98188 140,786 1987
Gateway Corporate Center - Buildings 1-3 & 8 12886 Interurban Avenue South, 98168 177,127 1986
Riverview Plaza 16040 Christensen Road, 98188 171,000 1982
Riverview Plaza II 16000 Christensen Rd, 98188 46,373 1980
Tukwila Commerce Park - Bldg B 12620-12626 Interurban Ave S, 98168 29,944 1980
Seattle Exchange @ Southcenter - Bldg 23 855-871 Industry Dr, 98188 10,500 1978

Worth noting among recent office completions on the Tukwila market is King Lasik Medical Building, which is currently the largest new office development in the city, at 14,700 square feet.

Data provided by Commercial Edge

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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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Tukwila 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.