First Hill Commercial Real Estate For Lease

First Hill

Market Report

Number of Listings For Lease
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
4,080

First Hill Commercial Real Estate

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

First Hill Rates

On average, commerial real estate listings lease in the $50's per square foot per year. The First Hill submarket is going through a a boost in rates. In the last 3 months, the median rate for lease went up $17 per sqft per year. That's a 52% increase in rent.

Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the First Hill region has more expensive rates for rent, and you may need to pay a premium to be in this hot submarket.

First Hill Listing Supply

In the last 90 days, 81 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 4,080 sqft. Most buildings in this region are close to 5 stories. Most buildings in this region were built close to 1959 and are Class B.

First Hill Community

Professional services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst First Hill folk. Commuting between 30 and 45 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 First Hill.
Research