Seattle Central Business District Retail

Seattle Central Business District

Office Space Market Report

Number of Listings (last 90 days)
71
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
5,660
As of: March 12, 2017

Seattle Central Business District Rates

Most listings are in the $40's per square foot per year. The Seattle Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% rise in rent.

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

Seattle Central Business District Listing Supply

In the last 90 days, 71 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the available leases in the Seattle Central Business District 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 5,660 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 20 stories. Most buildings in this region were built in 1931 and are Class A.

Seattle Central Business District Community

Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Seattle Central Business District 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 Seattle Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Seattle Central Business District.
Research