Belltown Office Space For Lease

Belltown

Market Report

Number of Listings For Lease
Posted in the last 90 days
25
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
690

Belltown Commercial Real Estate

Find Belltown commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Belltown commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Belltown Rates

On average, commerial real estate listings lease in the $60's per square foot per year. The Belltown submarket is seeing a decline in rates. In the last 3 months, the median rate for lease fell $111 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Belltown submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.

Belltown Listing Supply

In the last 90 days, 688 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. 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 size for office space in this area is around 4,530 sqft. Most properties in this region are approximately 5 stories. Most buildings in this market were built around 1965 and are Class A.

Belltown Community

A large portion of this area is residential, but there's plenty of office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Belltown work from home. Commuting around 10 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 Belltown.
Research