Seattle / Bellevue Retail Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates

Quarterly retail market indicators for Seattle / Bellevue, aggregated by PropZone from Lee Associates. As of Q1 2026, average asking rent was — with a 16.8% vacancy rate.

QuarterAsking rentVacancyNet absorptionUnder constr.Source
Q1 202616.8%1K SFLee Associates

Frequently asked questions

What is the average asking rent for retail space in Seattle / Bellevue?
PropZone aggregates retail asking-rent data for Seattle / Bellevue from major brokerage market reports; see the quarterly table for the latest available figures.
What is the retail vacancy rate in Seattle / Bellevue?
The retail vacancy rate in Seattle / Bellevue was 16.8% as of Q1 2026 (Lee Associates).
Where does PropZone's Seattle / Bellevue market data come from?
This report aggregates quarterly retail market data for Seattle / Bellevue from Lee Associates.