Capitol Hill Office Space

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,150
As of: July 27, 2017

Capitol Hill Rates

Most listings are in the $40's per square foot per year. The Capitol Hill region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Capitol Hill Listing Supply

In the last 90 days, 10 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Capitol Hill 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.

The standard measurement for office space in this area is around 1,150 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 1922 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Capitol Hill residents. Commuting between 30 and 45 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 Capitol Hill.
Market Report

Market Data

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