Downtown Olympia Office Space

Downtown Olympia

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
200
As of: July 23, 2017

Downtown Olympia Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Olympia submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% rise in rent.

Downtown Olympia Listing Supply

In the last 90 days, 11 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the available leases in the Downtown Olympia 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 200 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1975 and are Class B.

Downtown Olympia Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Olympia folk. Commuting approximately 30 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 Downtown Olympia.
Market Report

Market Data

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

Olympia Submarkets