Industrial Property for Lease in Seattle, WA

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

Description

Introducing a prime leasing opportunity at 3847 1st Ave S, Seattle, WA, 98134. This versatile property offers a spacious and adaptable layout, perfect for a wide range of business uses, including industrial and manufacturing activities. With modern amenities, ample parking, and a strategic location, this space provides exceptional functionality and accessibility for daily operations. The well-maintained interior and potential for customization make this property an ideal choice for businesses seeking a professional, adaptable environment tailored to their unique requirements. Elevate your business operations in this dynamic space, designed to accommodate your specific needs and foster growth and success. Discover the potential of this versatile property by scheduling a tour and envisioning the possibilities for your business.

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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