Georgetown Industrial

Georgetown

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
27,630
As of: December 8, 2016

Georgetown Rates

The typical asking rate per listing is in the $10's per square foot per year. The Georgetown region is experiencing a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

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

Georgetown Listing Supply

In the last 90 days, 6 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Georgetown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 27,630 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1969 and are Class B.

Georgetown Community

A large portion of this area 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