Pike-Market Sublease

Pike-Market

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
2,620
As of: January 21, 2017

Pike-Market Rates

On average, listings lease in the $40's per square foot per year. The Pike-Market submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Pike-Market Listing Supply

In the last 90 days, 6 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Pike-Market 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,950 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this region were built in 1922 and are Class B.

Pike-Market Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pike-Market occupants. Commuting under 5 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 Pike-Market.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pike-Market.
Research