Pioneer Square Sublease

Pioneer Square

Office Space Market Report

Number of Listings (last 90 days)
375
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
18,560
As of: August 17, 2017

Pioneer Square Rates

Most listings are in the $70's per square foot per year. The Pioneer Square region is going through a a rise in rates. In the last 3 months, the median rate increased $28 per sqft per year. That's a 66% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Pioneer Square Listing Supply

In the last 90 days, 7 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 157% of the office spaces in the Pioneer Square 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 18,560 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this area were built in 1904 and are Class B.

Pioneer Square Community

Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pioneer Square occupants. Commuting between 30 and 45 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 Pioneer Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pioneer Square.
Research