Capitol Hill Sublease

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,430
As of: December 10, 2016

Capitol Hill Rates

Most listings are in the $30's per square foot per year. The Capitol Hill region is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 20% increase in rent.

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

Capitol Hill Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Capitol Hill 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.

The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1922 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Capitol Hill residents. 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 Capitol Hill.
Market Report

Market Data

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