Northeast Seattle Office Space

Northeast Seattle

Office Space Market Report

Number of Listings (last 90 days)
70
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,800
As of: August 17, 2017

Northeast Seattle Rates

The typical asking rate per listing is in the $40's per square foot per year. The Northeast Seattle submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $48 per sqft per year. That's a 50% decrease in rent.

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

Northeast Seattle Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 400% of the available leases in the Northeast 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1969 and are Class A.

Northeast Seattle 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 market. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. Commuting between 30 and 45 minutes 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 Northeast Seattle.
Market Report

Market Data

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