Georgetown Squared - office in Seattle, WA
Office

Georgetown Squared

5601 6th ave s seattle, wa, 98108, seattle, WA 98108

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence
Low
$47.22/SF
Mid
$59.02/SF
High
$70.82/SF
Tier Used
tax_cap_reverse

Estimated from market cap rate (7.5%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace
Tier 1insufficient_data
Tier 2successselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$59.02/SFtax_cap_reverse
Utilities6.9¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$2728/wkBLS QCEW
Source Provenance (3)
SourceTypeCountYearFreshnessPeer
Market Reportscap_ratequarterly
API Ninjasproperty_taxannual
BLS QCEWwage_indexquarterly
Data sources used
market_reportsproperty_taxwage_index

Description

Yours isn’t just another company. It’s unique and edgy—game-changing—and you’re moving faster than your competition. You need a workspace that reflects that. One that’s like you—different from the rest. Sharper, more innovative. A space where your intellectual talent will create the next big thing. You’ve found that place. It’s Georgetown Squared.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

5601 6th ave s seattle, wa, 98108, seattle, WA 98108

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q2 2025, the Seattle / Bellevue office market showed average asking rents near $51.97/SF/yr, and cap rates around 7.5%. Source: curated:CBRE U S Cap Rate Sur Q2 2025 market report.

Projected current pricing

low confidence
Projected asking rent
$51.97/SF/yr
Estimated sale value
$319–$414/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Newmark data (cap rate 7.5%, asking rent held flat).

View the full Seattle / Bellevue Office market report →

Compare it against other office listings for sale in Seattle, WA to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Seattle / Bellevue?
About 7.5% as of Q2 2025, per curated:CBRE U S Cap Rate Sur.

Unified Estimate

Medium Confidence
$46.82/SF-$63.34/SF
Mid: $55.08/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallback

Low Confidence
  • Avg Rent ($/SF/yr) (market data)
Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25$0$15$30$45$60
Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:-0.3%
Avg Weekly Wage:$1,992

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population2,287,171
Median Income$125k↑ 67%
College Educated50.2%↑ 16.8pp
Median Age37.4 yrs
Median Home Value$860k
Unemployment4.8%↑ 1.2pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in seattle, WA

More Office for Sale in Seattle, WA(2)

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Listed by

JLL