2022 Office Space Rent & Sales
- $26.22 2022 Avg. Asking Rent
- 4.02% Y-o-Y Avg. Asking Rent Change
- 20.67% 2022 Office Vacancy Rate
Tukwila office price per square foot in 2022 was $26.22 on average. This marked a +4.02% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.67% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Tukwila Class B Office Space$26.22
- Washington Class A & A+ Office Space$47.56
- Washington Class B Office Space$30.70
- Washington Class C Office Space$21.02
Tukwila, WA Office Asking Rents by Class
2022 Office Vacancy Rates in Tukwila
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Renton | $44.10 | 31.14% |
Southern Seattle | $32.29 | 28.52% |
Kent - SeaTac | $29.05 | 9.01% |
Coworking Spaces in Washington
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Office building | Address | SF | Completed |
---|---|---|---|
Fairway Center | 14220 Interurban Avenue South, 98168 | 82,537 | 1990 |
Riverview Plaza | 16040 Christensen Road, 98188 | 171,000 | 1982 |
Tukwila Commerce Park - Bldg B | 12620-12626 Interurban Ave S, 98168 | 29,944 | 1980 |
14973 INTERURBAN AVE S | 14973 INTERURBAN AVE S, 98168 | 7,530 | 1980 |
Southcenter Place | 16400 Southcenter Pkwy, 98188 | 64,725 | 1979 |
Seattle Exchange @ Southcenter - Bldg 23 | 855-871 Industry Dr, 98188 | 10,500 | 1978 |
3459 S 152nd St | 3459 S 152nd St, 98188 | 1,440 | 1978 |
I-5 Distribution/Showroom | 13400 Interurban Ave S, 98168 | 25,801 | 1975 |
505 Strander Building | 505 Strander Boulevard, 98188 | 19,244 | 1969 |
Worth noting among recent office completions on the Tukwila market is Fairway Center, which is currently the largest new office development in the city, at 82,537 square feet.
See reports for other markets
- Seattle Office Rent Price
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Tacoma Office Rent Price
- Vancouver Office Rent Price
- Redmond Office Rent Price
- Bothell Office Rent Price
- Olympia Office Rent Price
- Kirkland Office Rent Price
- Charlotte Office Rent Price
- San Diego Office Rent Price
- Miami Office Rent Price
- San Francisco Office Rent Price
- Denver Office Rent Price
- Atlanta Office Rent Price
- Dallas 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.