Pike-Market Industrial

Pike-Market

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$57
Median Size (sqft)
7,140

Pike-Market Rates

On average, listings lease in the $50's per square foot per year. The Pike-Market region is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Pike-Market Listing Supply

In the last 90 days, 110 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Pike-Market are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 7,140 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1923 and are Class B.

Pike-Market Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pike-Market residents. Commuting under 5 minutes 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 Pike-Market.
Research