Downtown Seattle Retail

Downtown Seattle

Office Space Market Report

Number of Listings (last 90 days)
126
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,890
As of: March 12, 2017

Downtown Seattle Rates

On average, listings lease 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 rose $3 per sqft per year. That's a 6% increase in rent.

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

Downtown Seattle Listing Supply

In the last 90 days, 126 listings have been posted online, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Downtown Seattle 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,890 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 7 floors. Most buildings in this area were built in 1937 and are Class A.

Downtown Seattle Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown Seattle occupants. 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