Belltown Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Belltown Rates

Most listings are in the $30's per square foot per year. The Belltown region is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Belltown submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Belltown Listing Supply

In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 20% of the available leases 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 2,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this region were built in 1965 and are Class A.

Belltown Community

A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Belltown work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.