2020 Office Space Rent & Sales
- $24.97 2020 Avg. Asking Rent
- -0.17% Y-o-Y Avg. Asking Rent Change
- 18.19% 2020 Office Vacancy Rate
Tukwila office price per square foot in 2020 was $24.97 on average. This marked a -0.17% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.19% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Tukwila Class B Office Space$24.97
- Washington Class A Office Space$45.83
- Washington Class B Office Space$28.37
- Washington Class C Office Space$19.66
Tukwila, WA Office Asking Rents by Class
2020 Office Construction in Tukwila, WA
- Tukwila, WA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Tukwila office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Seattle South Business Park - Building B | 18100 Andover Park West, 98188 | 57,568 | 2010 |
| 12500 Tukwila International Blvd | 12500 Tukwila International Blvd, 98168 | 132,900 | 2004 |
| The Offices at Intergate Seattle - Building B | 12501 East Marginal Way South, 98168 | 83,414 | 2001 |
| The Offices at Intergate Seattle - Building A | 12401 East Marginal Way South, 98168 | 83,414 | 2001 |
| Gateway Corporate Center - Building 9 | 13035 Gateway Drive South, 98168 | 68,921 | 1991 |
| BECU Tukwila Financial Center | 12770 Gateway Drive, 98168 | 105,862 | 1990 |
| Fairway Center | 14220 Interurban Avenue South, 98168 | 82,537 | 1990 |
| 4600 South 134th Place | 4600 South 134th Place, 98168 | 29,000 | 1990 |
| Gateway Corporate Center - Building 7 | 12720 Gateway Drive South, 98168 | 62,167 | 1989 |
| Riverfront Technical Park | 2811 South 102nd Street, 98168 | 175,068 | 1987 |
Worth noting among recent office completions on the Tukwila market is Seattle South Business Park - Building B, which is currently the largest new office development in the city, at 57,568 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.