Belltown Retail

Belltown

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,900
As of: June 28, 2017

Belltown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Belltown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $45 per sqft per year.

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

Belltown Listing Supply

In the last 90 days, 35 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 97% of the office spaces in the Belltown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,440 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1963 and are Class A.

Belltown Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Belltown work from home. Commuting close to 10 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 Belltown.
Market Report

Market Data

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