The typical asking rate per listing is in the $40's per square foot per year. The Downtown Seattle submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3266 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Downtown Seattle are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,160 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this area were built in 1946 and are Class A.
Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Seattle folk. Commuting close to an hour and a half 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 Downtown Seattle.
Get email notifications when new listings are posted that match your requirements.