Georgetown Commercial Real Estate

Georgetown

Market Report

Number of Listings
Posted in the last 90 days
22
Median Rate ($/sqft/yr)
$13
Median Size (sqft)
8,780

Georgetown Rates

The typical asking rate per listing is in the $10's per square foot per year. The Georgetown submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $13 per sqft per year.

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

Georgetown Listing Supply

In the last 90 days, 88 listings have come on the market, so you'll want to check back regularly for new listings. About 22% of the available leases in the Georgetown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 8,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1967 and are Class B.

Georgetown Community

A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Georgetown folk. Commuting between 20 and 25 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 Georgetown.
Research