Central Seattle Office Space

Central Seattle

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
3,740
As of: May 24, 2017

Central Seattle Rates

The typical asking rate per listing is in the $50's per square foot per year. The Central Seattle submarket is going through a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Central Seattle submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Central Seattle Listing Supply

In the last 90 days, 1 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1988 and are Class A.

Central Seattle Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Seattle occupants. Commuting approximately an hour 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 Central Seattle.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Seattle.
Research