Central Seattle Sublease

Central Seattle

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,740
As of: June 23, 2017

Central Seattle Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Seattle region is going through a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.

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

Central Seattle Listing Supply

In the last 90 days, 1 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the available space in the Central Seattle 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.

Even though the median size is 3,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1988 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 residents. Commuting approximately 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