Factoria Office Space

Factoria

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
3,670
As of: January 16, 2017

Factoria Rates

Most listings are in the $40's per square foot per year. The Factoria region is going through a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 31% increase in rent.

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

Factoria Listing Supply

In the last 90 days, 2 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Factoria 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 11,410 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this region were built in 1986 and are Class A.

Factoria Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Factoria folk. Commuting approximately an hour 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 Factoria.
Market Report

Market Data

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