Northgate Retail

Northgate

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,820
As of: January 17, 2017

Northgate Rates

The typical asking rate per listing is in the $30's per square foot per year. The Northgate submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

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

Northgate Listing Supply

In the last 90 days, 12 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,820 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1979 and are Class B.

Northgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Northgate residents. Commuting between 30 and 45 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 Northgate.
Market Report

Market Data

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