Northeast Seattle Commercial Real Estate

1107 NE 45th St - Unit 330 Seattle, WA Elevators and Onsite Parking.
Sep 21
1,130
sqft
Office
4026 NE 55th St - Space Bryant, Seattle, WA  
Jun 20
200
sqft
Office
3016 NE Blakeley St - 3 Spaces Ravenna, Seattle, WA NNN $3.84 annual
Apr 03
1,780 - 3,890
sqft
Office Industrial

Northeast Seattle

Market Report

Number of Listings
Posted in the last 90 days
13
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,300

Northeast Seattle Rates

On average, listings lease in the $30's per square foot per year. The Northeast Seattle region is going through a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 31% decline in rent.

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

Northeast Seattle Listing Supply

In the last 90 days, 70 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available space in the Northeast Seattle 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 820 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1969 and are Class A.

Northeast Seattle Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. 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 Northeast Seattle.
Research