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On average, commerial real estate listings lease in the $30's per square foot per year. The Belltown submarket is going through a decline in rates. In the last 3 months, the median rate for lease decreased $8 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Belltown region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 688 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 space in the Belltown 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 690 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built around 1965 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Belltown work from home. Commuting around 10 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 Belltown.
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