Downtown Olympia Commercial Real Estate

319 7th Ave SE - Space Olympia, WA plus utilities
Mar 28
1,640
sqft
Office

Downtown Olympia

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,400

Downtown Olympia Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Olympia submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 41% decline in rent.

Downtown Olympia Listing Supply

In the last 90 days, 70 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Downtown Olympia are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1983 and are Class B.

Downtown Olympia Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Olympia occupants. Commuting approximately 30 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 Downtown Olympia.
Research