Pike-Market Sublease

Pike-Market

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,620
As of: March 12, 2017

Pike-Market Rates

On average, listings lease in the $40's per square foot per year. The Pike-Market region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Pike-Market Listing Supply

In the last 90 days, 5 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,620 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 6 stories. Most buildings in this market were built in 1922 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 region. 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