Cascade Retail

420 Pontius Ave N - Space South Lake Union, Seattle, WA  
Jun 28
4,230
sqft
Retail

Cascade

Market Report

Number of Listings
Posted in the last 90 days
17
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
8,530

Cascade Rates

On average, listings lease in the $40's per square foot per year. The Cascade submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Cascade Listing Supply

In the last 90 days, 414 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Cascade are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,530 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this market were built in 1984 and are Class A.

Cascade Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Most of the occupants of Cascade work from home. Commuting more than an hour and a half 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 Cascade.
Research