Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134
  • Size: 3,524 SF

Description

Discover an exceptional opportunity at this prime Seattle property, boasting an ideal location for businesses seeking convenience and connectivity. With versatile industrial spaces and state-of-the-art facilities, the property is designed to accommodate a wide range of operational needs. Tenants will benefit from modern amenities, ample parking, and efficient loading areas, all set within a strategically positioned complex. The property's flexible layout allows for seamless customization, while its proximity to key transportation arteries ensures streamlined access for distribution and logistics. Embrace the potential for growth and success in this dynamic commercial space, perfectly equipped to support diverse industrial and manufacturing endeavors.

Market Context

This industrial in Seattle, WA is listed for lease across 3,524 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 3,524 SF: $3,771

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

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