Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108
  • Size: 65,562 SF

Description

Introducing a prime leasing opportunity at 5900 1st Ave S, Seattle, WA, 98108. This versatile property offers a spacious and adaptable layout, ideal for a variety of business uses, especially for industrial and manufacturing purposes. With modern amenities, ample parking, and a strategic location in the Seattle area, this space provides exceptional functionality and accessibility for daily operations. The property's well-maintained interior and potential for customization make it an ideal choice for businesses seeking a professional, adaptable environment to accommodate their unique operational requirements. Elevate your business in this dynamic space designed to meet your specific needs and support growth and success. Schedule a tour today to explore the potential of this versatile property and envision the possibilities for your business.

Market Context

This industrial in Seattle, WA is listed for lease across 65,562 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 65,562 SF: $70,151

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

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