Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134
  • Size: 59,915 SF

Description

Introducing a prime leasing opportunity at 2424 8th Ave S, Seattle, WA, 98134. This versatile property offers a spacious and adaptable layout, ideal for a variety of business uses, including office spaces, light manufacturing, or distribution purposes. With modern amenities, ample parking, and a strategic location, this space provides excellent visibility and accessibility for both clients and employees. The well-maintained interior and potential for customization make this property an ideal choice for businesses seeking a professional, adaptable space to support their unique requirements. Elevate your business operations in this dynamic and accommodating property, designed to accommodate your specific needs and provide room for growth and success. Schedule a tour today to explore the potential of this prime leasing opportunity.

Market Context

This industrial in Seattle, WA is listed for lease across 59,915 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 59,915 SF: $64,109

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

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