Northeast Seattle Office Space

Northeast Seattle

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,300

Northeast Seattle Rates

The typical asking rate per listing is in the $30's per square foot per year. The Northeast Seattle submarket is going through a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 20% rise in rent.

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

Northeast Seattle Listing Supply

In the last 90 days, 70 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available leases in the Northeast Seattle are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,300 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1967 and are Class A.

Northeast Seattle 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 public transit is the most popular way to get to work amongst Northeast Seattle 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 Northeast Seattle.
Research