Belltown Industrial

Belltown

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
4,440
As of: June 22, 2017

Belltown Rates

On average, listings lease in the $30's per square foot per year. The Belltown region is going through a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.

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

Belltown Listing Supply

In the last 90 days, 35 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 131% of the listings in the Belltown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,440 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 4 stories. Most buildings in this area 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 occupants 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