South Lake Union Industrial

South Lake Union

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
14,790
As of: March 12, 2017

South Lake Union Rates

Compared to the rest of the Seattle Metropolitan Area market, the South Lake Union submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

South Lake Union Listing Supply

In the last 90 days, 11 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the South Lake Union are subleases, so you will probably have to focus your search on direct office leases. 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 14,790 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this market were built in 1984 and are Class A.

South Lake Union Community

This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Lake Union folk. 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 South Lake Union.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Lake Union.
Research