Lower Queen Anne Sublease

Lower Queen Anne

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,450
As of: March 12, 2017

Lower Queen Anne Rates

Most listings are in the $20's per square foot per year. The Lower Queen Anne submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 24% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Lower Queen Anne region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Lower Queen Anne Listing Supply

In the last 90 days, 3 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Lower Queen Anne are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,450 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1969 and are Class B.

Lower Queen Anne Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Lower Queen Anne work from home. Commuting close to 15 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 Lower Queen Anne.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower Queen Anne.
Research