City Center South Sublease

City Center South

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,820
As of: June 22, 2017

City Center South Rates

The typical asking rate per listing is in the $40's per square foot per year. The City Center South submarket is going through a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the City Center South region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

City Center South Listing Supply

In the last 90 days, 8 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the City Center South 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,570 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 7 floors. Most buildings in this market were built in 1979 and are Class A.

City Center South Community

This area is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst City Center South 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 City Center South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center South.
Research