Belltown Industrial

Belltown

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,790
As of: January 23, 2017

Belltown Rates

On average, listings lease in the $40's per square foot per year. The Belltown submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 21% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Belltown region has greater rates, and you'll need to pay a premium to be in this hot region.

Belltown Listing Supply

In the last 90 days, 39 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Belltown 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,790 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1965 and are Class A.

Belltown Community

A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Belltown work from home. Commuting approximately 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