Lower Queen Anne Retail

Lower Queen Anne

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,759
As of: December 8, 2016

Lower Queen Anne Rates

Most listings are in the $30's per square foot per year. The Lower Queen Anne region is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.

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

Lower Queen Anne Listing Supply

In the last 90 days, 6 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Lower Queen Anne 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,759 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1969 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 area. Most of the folk of Lower Queen Anne work from home. Commuting around 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