Central District Commercial Real Estate

Central District

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,740

Central District Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central District submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Central District submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Central District Listing Supply

In the last 90 days, 21 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Central District 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.

Even though the median size is 3,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 1995.

Central District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central District folk. Commuting approximately 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 Central District.
Research