Lower Queen Anne Retail

Lower Queen Anne

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Lower Queen Anne Rates

The typical asking rate per listing is in the $20's per square foot per year. The Lower Queen Anne submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Lower Queen Anne submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Lower Queen Anne Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Lower Queen Anne 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 1,850 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1964 and are Class B.

Lower Queen Anne Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Lower Queen Anne work from home. Commuting close to 15 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 Lower Queen Anne.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower Queen Anne.