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Pioneer Square Commercial Real Estate For Lease

Pioneer Square

Market Report

Number of Listings For Lease
Posted in the last 90 days
59
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,090

Pioneer Square Commercial Real Estate

Find Pioneer Square 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. Find a Pioneer Square commercial real estate broker in Pioneer Square's Top Broker Directory. Learn about Pioneer Square commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Pioneer Square Rates

The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Pioneer Square region is going through a a rise in rates. In the last 3 months, the median rate for lease rose $3 per sqft per year. That's a 6% increase in rent.

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

Pioneer Square Listing Supply

In the last 90 days, 375 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Pioneer Square are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,090 sqft. Most buildings in this area are close to 5 floors. Most buildings in this area were built close to 1904 and are Class B.

Pioneer Square Community

Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pioneer Square 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 Pioneer Square.
Research