Capitol Hill Retail

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 25, 2016

Capitol Hill Rates

The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Capitol Hill Listing Supply

In the last 90 days, 16 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Capitol Hill are subleases, so you will probably have to consider a longer term lease. 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 1,910 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1928 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Capitol Hill occupants. 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 Capitol Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Capitol Hill.