Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134
  • Size: 25,880 SF

Description

Discover an exceptional leasing opportunity at 646 South Holgate Street, Seattle. This prime industrial property offers state-of-the-art facilities ideally suited for manufacturing and distribution operations. Boasting a generous floor plan and high ceilings, the space provides ample room for inventory and equipment. The property features convenient truck access and extensive parking, ensuring seamless logistics management. With modern amenities, including updated office space and dedicated loading docks, this property is perfectly tailored to meet the needs of industrial tenants. Don't miss the chance to establish your operations in this sought-after location, strategically positioned to support your business's growth and success.

Market Context

This industrial in Seattle, WA is listed for lease across 25,880 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 25,880 SF: $27,692

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

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