Downtown Seattle Retail

Downtown Seattle

Office Space Market Report

Number of Listings (last 90 days)
126
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
5,660
As of: June 26, 2017

Downtown Seattle Rates

Most listings are in the $40's per square foot per year. The Downtown Seattle region is going through 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 Downtown Seattle submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Downtown Seattle Listing Supply

In the last 90 days, 126 listings have been made available, so you'll want to check back regularly for new listings. About 86% of the office spaces in the Downtown Seattle 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 5,660 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 7 floors. Most buildings in this market were built in 1939 and are Class A.

Downtown Seattle Community

This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown Seattle residents. Commuting around an hour and a half 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 Downtown Seattle.
Market Report

Market Data

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