Central Seattle Sublease

Central Seattle

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
4,850
As of: December 4, 2016

Central Seattle Rates

Most listings are in the $60's per square foot per year. The Central Seattle region is seeing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 21% rise in rent.

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

Central Seattle Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Central Seattle 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.

Even though the median size is 4,850 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 2001 and are Class B.

Central Seattle Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Seattle occupants. Commuting close to an hour 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 Central Seattle.
Market Report

Market Data

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