Lower Queen Anne Retail

Lower Queen Anne

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
4,590
As of: August 19, 2017

Lower Queen Anne Rates

The typical asking rate per listing is in the $40's per square foot per year. The Lower Queen Anne region is experiencing a a rise in rates. In the last 3 months, the median rate rose $14 per sqft per year. That's a 42% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Lower Queen Anne submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Lower Queen Anne Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 233% 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area 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 occupants 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.
Research