Seattle, WA Commercial Real Estate for Lease and Sale
Explore 1,010 listing(s) of commercial real estate in Seattle, WA to find the best space for your business.
Here is a rundown of the primary commercial real estate property types currently available in Seattle:
The average rent for commercial real estate in Seattle is $27.81 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Seattle costs $4.08, while the city’s premium locations ask up to $50.
Office space here averages $34.66 per square foot while industrial space averages $16.74 per square foot. The variation reflects differences in property types, quality, and demand.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
The best area for commercial real estate in Seattle will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Seattle Central Business District, home to no fewer than 1,017 listings for space of all types. If you're looking for office space, Seattle Central Business District has the highest concentration of office listings at 920.
Meanwhile, Harbor Island-Industrial District has the highest number of industrial availabilities (37), while Seattle Central Business District boasts the largest number of retail listings in the city (94).
CommercialCafe’s CRE offering in Seattle is enabled by a network of 414 active brokers from 122 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.
To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.
Asking rents in the city can be as high as $50 per square foot. In particular, the property type commanding the highest lease rates in Seattle is Retail space.
The average size of a commercial property here stands at 569,633. However, different asset classes and zoning laws will result in vastly different property sizes.
Here is a breakdown of the average size of different commercial asset classes in Seattle:
Office properties:
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 466 | 24,159,526 |
| Retail | 322 | 1,640,349 |
| Industrial | 121 | 4,036,676 |
| Other | 21 | 569,633 |
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 27 | 723,195 |
| Retail | 25 | 348,970 |
| Industrial | 25 | 681,928 |
| Other | 34 | 500,057 |
As the largest city in Washington state, Seattle boasts a diverse economy, with manufacturing, maritime trade, life sciences health and information technology being some of its key industries. Emerald City’s thriving economy — the 11th-largest in the U.S. by gross metropolitan product — ensures that all commercial asset classes see healthy demand here.
From a logistical standpoint, the city benefits from outstanding opportunities. For instance, it’s home to the port of Seattle — the eighth-largest port in the U.S. by cargo capacity — and it also hosts the Seattle-Tacoma International Airport, the largest in the Pacific Northwest region. These transportation hubs — alongside a good road transportation network — ensure that the city is well-connected to the rest of the region and the nation.
The bulk of the city’s commercial real estate market can be found in its central business district, which hosts a number of large organizations. Fortune 500 companies such as Amazon, Starbucks, Nordstrom, the Weyerhauser timberland company and freight forwarder Expeditors International of Washington all have their corporate headquarters in Seattle.
