On average, listings lease in the $70's per square foot per year. The Pioneer Square region is experiencing a a rise in rates. In the last 3 months, the median rate went up $28 per sqft per year. That's a 66% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square region 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 been listed, so you'll want to check back regularly for new listings. About 3% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 18,560 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this area were built in 1904 and are Class B.
Waste services is the dominant industry in this area. 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.
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