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Office space in Clark County still at a premium

Vacancy rate remains low, while lease prices continue to rise steadily

By Sarah Wolf, Columbian staff writer
Published: January 16, 2024, 6:05am
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Stonemill Business Park along Southeast Mill Plain Boulevard is advertising some office space for lease. Only about 6.6 percent of local office space is available for lease, making Clark County&rsquo;s office market much tighter than other places.
Stonemill Business Park along Southeast Mill Plain Boulevard is advertising some office space for lease. Only about 6.6 percent of local office space is available for lease, making Clark County’s office market much tighter than other places. (Amanda Cowan/The Columbian) Photo Gallery

Even though Vancouver’s office vacancy rate has slowly crept up from its 2019 low, the area’s asking rental price is at a 10-year high.

The latest total office vacancy rate for 2023 was 6.6 percent, up from 6.3 percent the year prior, according to data from Costar and Kidder Mathews Research.

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