Capitol Hill Retail

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,300
As of: June 23, 2017

Capitol Hill Rates

Most listings are in the $40's per square foot per year. The Capitol Hill region is experiencing a a rise in rates. In the last 3 months, the median rate went up $45 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Capitol Hill Listing Supply

In the last 90 days, 10 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the available leases in the Capitol Hill are subleases, so you might be able to find a shorter term or below market rent. 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 1,300 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1920 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 region. 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.
Research