Northgate Retail

Northgate

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
2,030
As of: June 22, 2017

Northgate Rates

On average, listings lease in the $40's per square foot per year. The Northgate region is going through a a boost in rates. In the last 3 months, the median rate increased $41 per sqft per year.

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

Northgate Listing Supply

In the last 90 days, 10 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Northgate 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.

The standard measurement for office space in this area is around 2,030 sqft. Most properties in this area are around 3 stories. Most buildings in this market 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 area. Commute by motorcycle is the most popular way to get to work amongst Northgate folk. 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