Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108
  • Size: 37,538 SF

Description

Discover a prime opportunity for your business at this impressive industrial property in Seattle. Boasting a spacious floor plan, high ceilings, and ample natural light, the property provides a versatile space for manufacturing, distribution, or industrial use. With state-of-the-art facilities, including loading docks and ample parking, the property offers seamless operations for businesses of all sizes. Benefit from its strategic location with easy access to major transportation routes, providing efficient connectivity for logistics and distribution. Whether you're seeking a new location or looking to expand, this property provides the ideal setting to elevate your industrial operations. Experience the best in industrial real estate at this sought-after Seattle property.

Market Context

This industrial in Seattle, WA is listed for lease across 37,538 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 37,538 SF: $40,166

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

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