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Tukwila Office Rent Price & Sales Report

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.

Largest Office Properties Recently Completed in Tukwila
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.

Data provided by Commercial Edge

See reports for nearby markets

  • Seattle Office Rent Price
  • Bellevue Office Rent Price
  • Tacoma Office Rent Price
  • Redmond Office Rent Price
  • Bothell Office Rent Price
  • Everett Office Rent Price
  • Kirkland Office Rent Price
  • Renton 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 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.

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