Office

West Canal Yards

west canal yards, seattle, WA 98119

Price

Price on request

Price/Sq Ft

$30.00

Description

PUGET SOUND’S LARGEST WATERFRONT DEVELOPMENT

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

Location

west canal yards, seattle, WA 98119

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

$42.12/SF-$56.98/SF

Mid: $49.55/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)

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.