Capitol Hill Office Space

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,430
As of: January 23, 2017

Capitol Hill Rates

Most listings are in the $30's per square foot per year. The Capitol Hill region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.

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

Capitol Hill Listing Supply

In the last 90 days, 3 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Capitol Hill are subleases, so you might be able to snag a great spot on a short term. 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 1,430 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1919 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. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Capitol Hill folk. Commuting close to an hour and a half 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