Capitol Hill Sublease

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
1,430
As of: February 19, 2017

Capitol Hill Rates

On average, listings lease in the $40's per square foot per year. The Capitol Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 11% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Capitol Hill Listing Supply

In the last 90 days, 5 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Capitol Hill are subleases, so you might be able to snag a great spot on a short term. 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 properties in this market are approximately 3 floors. Most buildings in this area were built in 1919 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. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Capitol Hill occupants. Commuting close to an hour and a half 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