Seattle Office Space and Property Rental Market
The Seattle office rental market is one largest amongst the several areas of Puget Sound. This city has 61,716,909 sf of office inventory, however availability is very tight. The vacancy rate is 6.9% – which means for every 100 office buildings and spaces, there are 6-7 available for rent. Because of the high tenant demand in Seattle, renting office space is much pricier here than other areas of Puget Sound. Office prices can range from $33.27 to $47.60 per square feet. The areas with affordable office space in Seattle area are Capitol Hill, Pioneer Square, Waterfront, South Seattle, Queen Anne, Magnolia, and Central District.
