Industrial Property for Lease in Seattle, WA

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

Description

Introducing a prime leasing opportunity at 660 S Othello St, Seattle, WA, 98108. This exceptional property offers a versatile space perfectly suited for a range of business needs. Boasting a modern design and ample natural light, the space provides a welcoming environment for employees and clients alike. With its convenient location and easy access to major transportation routes, this property ensures seamless connectivity. Whether for retail, office, or creative use, this space presents an unparalleled opportunity to establish a thriving business in a dynamic urban setting. Don't miss the chance to make this premier property the new home for your enterprise.

Market Context

This industrial in Seattle, WA is listed for lease. 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

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

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