Central Seattle Office Space

Central Seattle

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,740
As of: June 25, 2017

Central Seattle Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Seattle submarket is going through a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.

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

Central Seattle Listing Supply

In the last 90 days, 1 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the available leases in the Central Seattle 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1988 and are Class B.

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 folk. Commuting around 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