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.
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.
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.
Real time and historical data on commercial real estate listings in Pioneer Square.
Get email notifications when new listings are posted that match your requirements.