Downtown Seattle Office Space

Downtown Seattle

Office Space Market Report

Number of Listings (last 90 days)
201
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
8,090
As of: January 19, 2017

Downtown Seattle Rates

Most listings are in the $40's per square foot per year. The Downtown Seattle region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.

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

Downtown Seattle Listing Supply

In the last 90 days, 200 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the office spaces in the Downtown 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 9,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 7 floors. Most buildings in this market were built in 1937 and are Class A.

Downtown Seattle Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown Seattle occupants. 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 Downtown Seattle.
Market Report

Market Data

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