Georgetown Retail

Georgetown

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$13
Median Size (sqft)
8,780
As of: July 21, 2017

Georgetown Rates

On average, listings lease in the $10's per square foot per year. The Georgetown submarket is going through a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 46% decline in rent.

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

Georgetown Listing Supply

In the last 90 days, 7 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Georgetown 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 available, so finding a space for a small business might be tough.

Even though the median size is 8,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1969 and are Class A.

Georgetown Community

A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Georgetown residents. Commuting between 20 and 25 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 Georgetown.
Market Report

Market Data

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