Northeast Seattle Industrial

Northeast Seattle

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,800
As of: July 22, 2017

Northeast Seattle Rates

Most listings are in the $90's per square foot per year. The Northeast Seattle submarket is going through a a boost in rates. In the last 3 months, the median rate rose $58 per sqft per year. That's a 157% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northeast Seattle Listing Supply

In the last 90 days, 2 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 400% of the available leases in the Northeast Seattle 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1969 and are Class A.

Northeast Seattle Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. Commuting between 30 and 45 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 Northeast Seattle.
Market Report

Market Data

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