Belltown Commercial Real Estate

Belltown

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$179
Median Size (sqft)
5,420

Belltown Rates

Most listings are in the $170's per square foot per year. The Belltown region is experiencing a a rise in rates. In the last 3 months, the median rate increased $135 per sqft per year. That's a 300% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Belltown region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Belltown Listing Supply

In the last 90 days, 688 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available space in the Belltown 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 5,420 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1967 and are Class A.

Belltown Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. 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.

Market Data

Real time and historical data on commercial real estate listings in Belltown.
Research