Downtown Olympia Office Space

Downtown Olympia

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,320
As of: December 2, 2016

Downtown Olympia Rates

On average, listings lease in the $20'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 increased $9 per sqft per year. That's a 50% increase in rent.

Downtown Olympia Listing Supply

In the last 90 days, 17 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,630 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1983 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 area. Commute by public transit is the most popular way to get to work amongst Downtown Olympia folk. Commuting around 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