First Hill Sublease

First Hill

Office Space Market Report

Number of Listings (last 90 days)
5
As of: July 19, 2017

First Hill Rates

The typical asking rate per listing is in the $0's per square foot per year. The First Hill region is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decline in rent.

First Hill Listing Supply

In the last 90 days, 5 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the First 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this region are approximately 7 floors. Most buildings in this market were built in 1970 and are Class A.

First Hill Community

Professional services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst First 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 First Hill.
Market Report

Market Data

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