Seattle Central Business District Sublease

Seattle Central Business District

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
6,300
As of: February 27, 2017

Seattle Central Business District Rates

The typical asking rate per listing is in the $40's per square foot per year. The Seattle Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District region has higher rates, and you'll need to pay a premium to be in this hot region.

Seattle Central Business District Listing Supply

In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 18% of the available space in the Seattle Central Business District 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.

Even though the median size is 6,300 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 20 stories. Most buildings in this region were built in 1931 and are Class A.

Seattle Central Business District Community

Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Seattle Central Business District folk. 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 Seattle Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Seattle Central Business District.
Research