The typical asking rate per listing is in the $50's per square foot per year. The Pike-Market submarket is going through a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 19% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 110 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Pike-Market are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,140 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 6 floors. Most buildings in this area were built in 1923 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pike-Market occupants. Commuting under 5 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 Pike-Market.
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