Northgate Office Space

Northgate

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
2,030
As of: July 21, 2017

Northgate Rates

The typical asking rate per listing is in the $40's per square foot per year. The Northgate region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.

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

Northgate Listing Supply

In the last 90 days, 10 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available space in the Northgate are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,030 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1982 and are Class B.

Northgate 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 market. Commute by motorcycle is the most popular way to get to work amongst Northgate folk. 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 Northgate.
Market Report

Market Data

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