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% |
Office Spaces for Rent in Washington
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| 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 |
| Southcenter Place | 16400 Southcenter Pkwy, 98188 | 64,725 | 1979 |
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.
See reports for other markets
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- Chicago 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 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.