2023 Office Space Rent & Sales
- $25.14 2023 Avg. Asking Rent
- 6.64% 2023 Office Vacancy Rate
Olympia office price per square foot in 2023 was $25.14 on average. The local office market recorded an average vacancy rate of 6.64% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Olympia Class B Office Space$26.41
- Olympia Class C Office Space$17.50
- Washington Class A & A+ Office Space$45.53
- Washington Class B Office Space$31.05
- Washington Class C Office Space$35.93
Olympia, WA Office Asking Rents by Class
Coworking Spaces in Washington
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2023 Office Construction in Olympia, WA
Office building | Address | SF | Completed |
---|---|---|---|
Smyth Landing | 1801 West Bay Drive, 98502 | 23,557 | 2007 |
Lilly Road Professional Center | 128 Lilly Road NE, 98506 | 29,112 | 2006 |
Market Centre | 111 Market Street NE, 98501 | 48,888 | 2001 |
Market Place Office Building | 724 Columbia Street NW, 98501 | 47,740 | 1998 |
1603 Cooper Point Rd NW | 1603 Cooper Point Rd NW, 98502 | 4,058 | 1993 |
2404 & 2424 Heritage Court SW | 2404 Heritage Court SW, 98502 | 35,696 | 1992 |
Morris Portfolio | 2420 & 2424 Bristol Court SW, 98502 | 103,906 | 1989 |
2420 & 2424 Bristol Court SW | 2420 Bristol Court SW, 98502 | 35,696 | 1989 |
Ensign Medical Center | 3425 Ensign Road NE, 98506 | 29,697 | 1988 |
3905 Martin Way E | 3905 Martin Way E, 98506 | 9,600 | 1988 |
Worth noting among recent office completions on the Olympia market is Smyth Landing, which is currently the largest new office development in the city, at 23,557 square feet.
See reports for other markets
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- Bellevue Office Rent Price
- Spokane Office Rent Price
- Kirkland Office Rent Price
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Olympia 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.