Pike-Market Sublease

Pike-Market

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
2,270
As of: May 21, 2017

Pike-Market Rates

Most listings are in the $40's per square foot per year. The Pike-Market region is going through a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year.

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

Pike-Market Listing Supply

In the last 90 days, 5 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 20% 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.

The standard measurement for office space in this area is around 2,270 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this region were built in 1923 and are Class A.

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 market. 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