The typical asking rate per listing is in the $40's per square foot per year. The Pioneer Square region is seeing a decline in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 375 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the listings in the Pioneer Square are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 18,560 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1904 and are Class B.
Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pioneer Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Pioneer Square.
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