Pioneer Square Commercial Real Estate

505 First - Unit 100 Seattle, WA plus NNN
Aug 09
7,340
sqft
Retail
101 Yesler Way - Floor 6 Seattle, WA  
Aug 06
150
sqft
Sublease Office
505 First - Space Seattle, WA  
Aug 03
43,560
sqft
Office

Pioneer Square

Market Report

Number of Listings
Posted in the last 90 days
15
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
18,560

Pioneer Square Rates

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.

Pioneer Square Listing Supply

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.

Pioneer Square Community

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.

Market Data

Real time and historical data on commercial real estate listings in Pioneer Square.
Research