Retail Business for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Seattle, WA 98109
  • Size: 2,039 SF

Description

Located in the heart of Seattle's South Lake Union neighborhood, 202 WESTLAKE offers a highly visible retail opportunity with street exposure on Westlake Ave N. Surrounded by major tech and life science employers, including Amazon located within the building, and dense residential towers the site benefits from strong daytime and evening foot traffic. Enjoy excellent connectivity with the South Lake Union Streetcar, frequent bus service, and quick access to I-5 and SR-99. Ideal for a cafe, boutique, fitness or service retail seeking a prime urban location with built-in demand.

Market Context

This retail in Seattle, WA is listed for lease across 2,039 SF. It has been on the market for 5 days. Compare it against other retail listings for lease in Seattle, WA — <a href="/search/lease/retail/washington/seattle">view the full market</a>.

As of Q1 2026, the Seattle / Bellevue retail market showed a 16.8% vacancy rate, and cap rates around 7.6%. Source: Www.lee-Associates.com Q1 2026 market report.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Retail market FAQ

What is the typical cap rate for retail in Seattle / Bellevue?
About 7.6% as of Q1 2026, per Www.lee-Associates.com.
Is the Seattle / Bellevue retail market tightening or softening?
Vacancy is around 16.8% (Q1 2026).

Unified Estimate

Medium Confidence

$2.73/SF/mo – $3.69/SF/mo

Mid: $3.21/SF/mo

Total estimate for 2,039 SF: $6,545

Rate-first confidence-weighted blend with cost-of-business adjustment.

Contact

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