Ballard Retail

Ballard

Office Space Market Report

Number of Listings (last 90 days)
3
Median Size (sqft)
8,690
As of: December 7, 2016

Ballard Rates

The typical asking rate per listing is in the $40's per square foot per year. The Ballard submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.

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

Ballard Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities are probably 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.

The standard measurement for office space in this area is around 590 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1977 and are Class A.

Ballard 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 Ballard occupants. Commuting approximately 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 Ballard.
Market Report

Market Data

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