Pike-Market Sublease

Pike-Market

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,750
As of: June 25, 2017

Pike-Market Rates

Most listings are in the $40's per square foot per year. The Pike-Market region is seeing a a rise in rates. In the last 3 months, the median rate rose $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 region.

Pike-Market Listing Supply

In the last 90 days, 5 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Pike-Market 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 1,750 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this market were built in 1923 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