Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA
  • Size: 46,183 SF
  • Year built: 1931

Description

Market Context

This industrial in Seattle, WA is listed for lease across 46,183 SF. The building dates to 1931. It has been on the market for 81 days. Compare it against other industrial listings for lease in Seattle, WA — <a href="/search/lease/industrial/washington/seattle">view the full market</a>.

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, rents up 9.1% year over year, and cap rates around 5.2%. Source: Consensus Q4 2024 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Seattle / Bellevue?
About 5.2% as of Q4 2024, per Consensus.
Is the Seattle / Bellevue industrial market tightening or softening?
Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

Contact

  • Taylor Hudson
  • Tom Wilson

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