Georgetown Industrial

Georgetown

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
6,320
As of: March 13, 2017

Georgetown Rates

On average, listings lease in the $20's per square foot per year. The Georgetown submarket is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 22% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Georgetown region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Georgetown Listing Supply

In the last 90 days, 7 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Georgetown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,320 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1969 and are Class A.

Georgetown Community

A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Georgetown occupants. Commuting between 20 and 25 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 Georgetown.
Market Report

Market Data

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