Capitol Hill Office Space

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,300
As of: February 27, 2017

Capitol Hill Rates

The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.

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

Capitol Hill Listing Supply

In the last 90 days, 11 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available space in the Capitol Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 market are close to 3 floors. Most buildings in this region were built in 1918 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 approximately 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