Northgate Retail

Northgate

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,820
As of: March 12, 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 an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Northgate region has greater rates, and you'll need to make a great offer to be in this hot region.

Northgate Listing Supply

In the last 90 days, 10 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,820 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region 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 occupants. 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