Highlights
- The average rent for office space in Vancouver is $26.21 per square foot, 1.33% higher compared to the previous year.
- The market’s vacancy rate stands at 15.04%, lower than the state average of Washington, which is 19.08%.
- Renting Class A/A+ office space here costs $31.06 per square foot, while Class B averages $25.83 and Class C stands at $16.75.
- 225,195 square feet is currently under construction.
2025 Office Space Rent & Sales
- $26.21 2025 Avg. Asking Rent
- 1.33% Y-o-Y Avg. Asking Rent Change
- 15.04% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Vancouver?
Average asking rents for office space here stand at $26.21 per square foot. The local office market recorded an average vacancy rate of 15.04% in 2025, unchanged from 15.04% in 2024.
Vancouver, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in Vancouver?
- Avg. Asking Rent Class A & A+$31.06
- Avg. Asking Rent Class B$25.83
- Avg. Asking Rent Class C$16.75
The average asking rent for Class A and A+ office space stood at $31.06 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Vancouver averaged $25.83 per square foot, while the average for Class C space was $16.75 per square foot.
What is the average office rent per square foot by property class in WA?
- Avg. Asking Rent Class A & A+$41.77
- Avg. Asking Rent Class B$29.03
- Avg. Asking Rent Class C$21.15
For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.
Vancouver, WA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Outlying Clark County | $31.20 | 25.84% |
| Vancouver | $26.27 | 15.13% |
Office Construction in Vancouver, WA
- Vancouver, WA Total SF under construction in 2026 225,195
What are the largest recent office completions in Vancouver?
The largest recent office completion here is Port of Vancouver Terminal 1 at 367,000 square feet, completed in 2025. The next largest completions are Columbia Tech Center - Building 31 and Columbia Tech Center - Building 51.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Port of Vancouver Terminal 1 | 100 SW Columbia Way, 98660 | 367,000 | 2025 |
| The Vantage at Columbia Palisades Office | SE 192nd at SE Brady Road, 98607 | 25,000 | 2022 |
| Columbia Tech Center - Building 687 | 18405 SE Mill Plain Blvd, 98683 | 29,041 | 2021 |
| Columbia Tech Center - Building 49 | 17801 SE 6th Way, 98683 | 35,200 | 2017 |
| The Murdock | 655 W Columbia Way, 98660 | 23,922 | 2017 |
| 3204 NW 38th Cir, Suite F | 3204 NW 38th Cir - Suite F , 98660 | 10,000 | 2017 |
| Columbia Tech Center - Building 51 | 17750 SE 6th Way, 98683 | 51,822 | 2012 |
| Columbia Tech Center - Building 31 | 17200 SE Mill Plain Blvd, 98683 | 52,856 | 2007 |
| 17800 SE Mill Plain Blvd | 17800 SE Mill Plain Blvd, 98683 | 49,250 | 2007 |
| Columbia Tech Center - Buildings 47 & 48 | 17700 SE Mill Plain Blvd, 98683 | 50,306 | 2006 |
See reports for other markets
- Seattle Office Rent Price
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Kirkland Office Rent Price
- Renton Office Rent Price
- Olympia Office Rent Price
- Bothell Office Rent Price
- Everett Office Rent Price
- Portland Office Rent Price
- Beaverton Office Rent Price
- Lake Oswego Office Rent Price
- Chicago Office Rent Price
- Charlotte Office Rent Price
- Austin Office Rent Price
- Miami Office Rent Price
- Denver Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.