SoDo Sublease

SoDo

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
820
As of: June 23, 2017

SoDo Rates

The typical asking rate per listing is in the $20's per square foot per year. The SoDo submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the SoDo submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

SoDo Listing Supply

In the last 90 days, 1 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the listings in the SoDo 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 820 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built in 1947 and are Class A.

SoDo Community

Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst SoDo residents. 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 SoDo.
Market Report

Market Data

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