Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134
  • Size: 19,783 SF

Description

Discover the ideal industrial property for lease at 2418 Airport Way S, Seattle, WA. This impressive facility offers a spacious layout perfect for a range of industrial and manufacturing operations. With ample square footage and high ceilings, this property provides the flexibility and functionality required for your business needs. The building boasts modern amenities, including loading docks, ample parking, and versatile office space. Its strategic location offers easy access to major transportation routes, ensuring efficient logistics for your operations. Experience the ideal combination of space, functionality, and convenience at this premier industrial property in the heart of Seattle.

Market Context

This industrial in Seattle, WA is listed for lease across 19,783 SF. It has been on the market for 21 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).

Unified Estimate

Medium Confidence

$0.91/SF/mo – $1.23/SF/mo

Mid: $1.07/SF/mo

Total estimate for 19,783 SF: $21,168

Rate estimator only; cost-of-business estimate unavailable.

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