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Belltown Commercial Real Estate For Lease

2519 1st Ave - Space Downtown Seattle, Seattle, WA  
Dec 06
1,040
sqft
Mixed Use Retail
2324 1st Ave - Space Downtown Seattle, Seattle, WA  
Oct 28
890
sqft
Mixed Use Retail

Belltown

Market Report

Number of Listings For Lease
Posted in the last 180 days
83
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
690

Belltown Commercial Real Estate

Find Belltown 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. Find a Belltown commercial real estate broker in Belltown's Top Broker Directory. Learn about Belltown commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Belltown Rates

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.

Belltown Listing Supply

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.

Belltown Community

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.

Market Data

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