Downtown Seattle Commercial Real Estate

1420 5th Ave - 6 Spaces Seattle, WA HVAC
Oct 07
2,040 - 10,410
sqft
Office
818 Stewart St - Space Seattle, WA  
Oct 06
50,080
sqft
Office
1111 3rd Ave - 8 Spaces Seattle, WA HVAC
Sep 07
2,580 - 10,250
sqft
Office
2033 6th Ave - 2 Spaces Seattle, WA  
Sep 01
3,090 - 6,180
sqft
Office
1420 5th Ave - Space Seattle, WA  
Aug 31
22,150
sqft
Sublease Office
505 First - Unit 100 Seattle, WA plus NNN
Aug 09
7,340
sqft
Retail
101 Yesler Way - Floor 6 Seattle, WA  
Aug 06
150
sqft
Sublease Office
505 First - Space Seattle, WA  
Aug 03
43,560
sqft
Office

Downtown Seattle

Market Report

Number of Listings
Posted in the last 90 days
84
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
5,310

Downtown Seattle Rates

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.

Downtown Seattle Listing Supply

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.

Downtown Seattle Community

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.

Market Data

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