Downtown Seattle Commercial Real Estate For Lease

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

Downtown Seattle

Market Report

Number of Listings For Lease
Posted in the last 90 days
332
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
1,150

Downtown Seattle Commercial Real Estate

Find Downtown Seattle 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. Learn about Downtown Seattle commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Seattle Rates

On average, commerial real estate listings lease in the $40's per square foot per year. The Downtown Seattle region is seeing a a rise in rates. In the last 3 months, the median rate for lease went up $4 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Downtown Seattle region has greater rates for rent, and you may need to make a great offer to be in this hot region.

Downtown Seattle Listing Supply

In the last 90 days, 3266 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 leases in the Downtown Seattle are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,150 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built close to 1939 and are Class A.

Downtown Seattle Community

Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown Seattle folk. Commuting around 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