Belltown Sublease

Belltown

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,790
As of: January 19, 2017

Belltown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Belltown submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 14% rise in rent.

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

Belltown Listing Supply

In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the available leases in the Belltown 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.

Even though the median size is 3,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 6 stories. Most buildings in this market were built in 1965 and are Class A.

Belltown Community

A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Belltown work from home. Commuting approximately 10 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 Belltown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Belltown.
Research