Belltown Industrial

Belltown

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,910
As of: May 19, 2017

Belltown Rates

Compared to the rest of the Seattle Metropolitan Area market, the Belltown submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Belltown Listing Supply

In the last 90 days, 35 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Belltown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,910 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region were built in 1963 and are Class A.

Belltown Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Belltown work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Belltown.
Market Report

Market Data

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