Pioneer Square Industrial

Pioneer Square

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
18,560

Pioneer Square Rates

On average, listings lease in the $70's per square foot per year. The Pioneer Square submarket is going through a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a 66% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Pioneer Square Listing Supply

In the last 90 days, 375 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Pioneer Square are subleases, so you will probably have to consider a longer term lease. 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 18,560 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this region were built in 1904 and are Class B.

Pioneer Square Community

Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pioneer Square occupants. Commuting between 30 and 45 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 Pioneer Square.
Research