2124 4th Avenue, Seattle, WA

Property Type Office - Government Office
Property Size 25,497 SF
Lot Size 0.3 Acre
Parking Spaces Avail. 15
Parking Ratio 0.60/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1952

Location

Map
Street

City Seattle, WA
Neighborhood Belltown
Zip Code 98121
Market Seattle

Contacts

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Owner

True Owner

Brokers

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Documents

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Sales

Purchase Date 25 Aug, 2020
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Seattle

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Seattle Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $41.40
2020 Office Vacancy Rate 10.70%
2020 Office Completions (SF) 2,507,003

Seattle Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $848.55
2020 Office Sales Volume $1.6B
2020 Number of Transactions 12

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Tax

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Frequently Asked Questions

What is the total square footage of 2124 4th Avenue?

2124 4th Avenue totals 25,497 square feet.

When was this property built?

2124 4th Avenue was built in 1952.

When was 2124 4th Avenue last sold?

2124 4th Avenue was last sold on 25 Aug, 2020.

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2124 4th Avenue, Seattle, WA 98121 - Office Space

2124 4th Avenue is located at 2124 4th Avenue in the Belltown neighborhood, WA, Seattle, 98121. The Class B Office building was completed in 1952 and features a total of 25,497 SF.

There are 186 office spaces for lease in the Belltown neighborhood, totaling 2,103,516 SF of available office space. The office space availability for the 98121 zip code is 1,160,802 SF, in 156 office spaces. The average asking office rent per SF in Belltown is $29.92/SF/YR. For Class A office buildings the average office rate is $43.25/SF/YR, for Class B office buildings the average office rate is $27.51/SF/YR, for Class C office buildings the average office rate is $28/SF/YR.

In Belltown, there are 26 class B office buildings. In Belltown, there are a total of 17 LEED certified office buildings. In 1952, the same year 2124 4th Avenue was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Seattle, featuring 2,009,274 square feet of commercial space. At zip code level, there are 45 commercial properties, of which 44 are office buildings over 50,000 square feet.

2124 4th Avenue