City Center South Retail

City Center South

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
2,260
As of: August 17, 2017

City Center South Rates

Most listings are in the $40's per square foot per year. The City Center South submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

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

City Center South Listing Supply

In the last 90 days, 8 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the City Center South are subleases, so you might be able to snag a great spot on a short term. 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 2,260 sqft. Most buildings in this market are around 7 stories. Most buildings in this area were built in 1979 and are Class A.

City Center South Community

This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst City Center South 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 City Center South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center South.
Research