SoDo Office Space For Lease

SoDo

Market Report

Number of Listings For Lease
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
12,800

SoDo Commercial Real Estate

Find SoDo 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 SoDo commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

SoDo Rates

Most commerial real estate listings for lease are in the $30's per square foot per year. The SoDo region is experiencing a decrease in rates. In the last 3 months, the median rate for lease decreased $11 per sqft per year.

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

SoDo Listing Supply

In the last 90 days, 106 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the SoDo are subleases, so you will probably have to focus your search on direct leases. 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 12,100 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built around 1937 and are Class A.

SoDo Community

Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst SoDo folk. Commuting under 5 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 SoDo.
Research