Capitol Hill Industrial Space

Capitol Hill

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,380

Capitol Hill Rates

The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Capitol Hill Listing Supply

In the last 90 days, 101 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases in the Capitol Hill are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,380 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1922 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Capitol Hill occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Capitol Hill.
Research