City Center North Commercial Real Estate For Lease

City Center North

Market Report

Number of Listings For Lease
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
820

City Center North Commercial Real Estate

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

City Center North Rates

On average, commerial real estate listings lease in the $50's per square foot per year. The City Center North submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $3 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the City Center North submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.

City Center North Listing Supply

In the last 90 days, 34 commercial real estate listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available commercial real estate leases in the City Center North are subleases, so you will probably have to consider a longer term lease. 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 820 sqft. Most properties in this area are approximately 6 stories. Most buildings in this market were built around 1979.

City Center North Community

A large portion of this region is residential, but there's plenty of office space. Information is the dominant industry in this region. Most of the residents of City Center North work from home. Commuting around 15 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 City Center North.
Research