South Lake Union Retail

South Lake Union

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
14,790
As of: March 12, 2017

South Lake Union Rates

Compared to the rest of the Seattle Metropolitan Area market, the South Lake Union region has greater rates, and you'll need to pay a premium to be in this hot submarket.

South Lake Union Listing Supply

In the last 90 days, 11 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the South Lake Union are subleases, so you will probably have to focus your search on direct office leases. 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 14,790 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1984 and are Class A.

South Lake Union Community

This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst South Lake Union occupants. Commuting under 5 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 South Lake Union.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Lake Union.
Research