Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134
  • Size: 31,680 SF

Description

Discover the ideal space for your business at 4786 1st Ave S, Seattle, WA, 98134. This modern industrial property offers a versatile layout, ample square footage, and high ceilings, perfect for a wide range of industrial and manufacturing needs. With customizable office and warehouse space, the property provides the flexibility to adapt to your unique operations. Ample parking, easy loading docks, and convenient access to major transportation routes make logistics a breeze. Whether you're a growing manufacturer or an established industrial operation, this property provides the prime location and functionality you need to thrive. Welcome to your new home for industrial excellence.

Market Context

This industrial in Seattle, WA is listed for lease across 31,680 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 31,680 SF: $33,898

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

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