Madison Park Office Space

Madison Park

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

Madison Park Rates

The typical asking rate per listing is in the $40's per square foot per year. The Madison Park submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 29% rise in rent.

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

Madison Park Listing Supply

In the last 90 days, 2 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,520 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1966 and are Class B.

Madison Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Madison Park occupants. Commuting close to 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 Madison Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Madison Park.