SoDo Industrial

SoDo

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
820
As of: June 26, 2017

SoDo Rates

On average, listings lease in the $20's per square foot per year. The SoDo region is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

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

SoDo Listing Supply

In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the office spaces in the SoDo 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 820 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1947 and are Class A.

SoDo Community

Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst SoDo occupants. Commuting under 5 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 SoDo.
Market Report

Market Data

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