Broadway Retail

Broadway

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,430
As of: February 22, 2017

Broadway Rates

The typical asking rate per listing is in the $40's per square foot per year. The Broadway region is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 11% increase in rent.

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

Broadway Listing Supply

In the last 90 days, 5 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Broadway 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1918 and are Class B.

Broadway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the occupants of Broadway work from home. Commuting around 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 Broadway.
Market Report

Market Data

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