Downtown Seattle Industrial

Downtown Seattle

Office Space Market Report

Number of Listings (last 90 days)
178
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
11,260
As of: December 9, 2016

Downtown Seattle Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Seattle region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle region has greater rates, and you'll need to make a great offer to be in this hot region.

Downtown Seattle Listing Supply

In the last 90 days, 177 listings have been made available, so you'll want to check back regularly for new listings. About 19% of the listings in the Downtown Seattle 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 11,410 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this market were built in 1937 and are Class A.

Downtown Seattle Community

A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Seattle occupants. Commuting close to an hour and a half 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 Downtown Seattle.
Market Report

Market Data

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