Seattle, WA
Commercial Real Estate Market Trends & Data

$480 Avg asking sale price
$351 Avg asking lease rate
62,666 SF Avg unit lease size
18,353 SF Avg building size for sale
5.53% Average cap rate

Seattle's Demographic Profile

Seattle has 358,005 households and a median income of $114,915, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 757,194
# Households 358,005
Median age 37
Median household income $114,915
Avg household size 2.0
Renter-occupied housing units 214,189
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Seattle, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Seattle $407 36,159 SF 6.84%
Burien $126 20,548 SF 9.35%
Bellevue $918 11,514 SF 5.04%
Nearby Retail Markets Avg Cost/SF Typical Size
Seattle $639 7,978 SF
Tukwila $585 25,845 SF
Newcastle $842 2,968 SF
Bellevue $842 3,543 SF
Seatac $180 33,650 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Seattle $580 11,155 SF 6.93%
Bellevue $790 3,488 SF 3.50%
Renton $321 15,595 SF 5.67%
Shoreline $317 14,183 SF 5.75%

Commercial Properties For Sale in Seattle

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

The Wedgewood Apartments

Seattle, WA 98115

  • 11,141 SF Multifamily
  • 5.88% Cap Rate
  • $5,500,000
For Sale

South Seattle Industrial

Seattle, WA 98108

  • 23,225 SF Industrial Building
  • $5,250,000
For Sale

The Forty-Ninth

Seattle, WA 98103

  • 3,430 SF Multifamily
  • 5.03% Cap Rate
  • $1,380,000
For Sale

Linden Apartments

Seattle, WA 98103

  • 5,150 SF Multifamily
  • 5.48% Cap Rate
  • $1,998,000
For Sale

2506 S Jackson St

Seattle, WA 98144

  • 2,480 SF Retail Building
  • $1,650,000
For Sale

UW Development Site

Seattle, WA 98105

  • 11,325 SF Specialty
  • $8,350,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Seattle pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Seattle $480 18,353 SF
Tukwila $391 58,210 SF
Burien $224 11,836 SF
Newcastle $842 2,968 SF

Multifamily Properties For Sale in Seattle

For Sale

Fauntleroy Landing

Seattle, WA 98136

  • 8,664 SF Multifamily
  • 6.10% Cap Rate
  • $4,524,590
For Sale

816 N 38th St

Seattle, WA 98103

  • 4,469 SF Multifamily
  • 5.60% Cap Rate
  • $1,900,000
For Sale

Golf Crest Apartments

Seattle, WA 98119

  • 23,900 SF Multifamily
  • 5.07% Cap Rate
  • $6,500,000
For Sale

Franklin 8

Seattle, WA 98102

  • 7,458 SF Multifamily
  • 5.34% Cap Rate
  • $3,350,000
For Sale

The Edric

Seattle, WA 98106

  • 25,693 SF Multifamily
  • 5.46% Cap Rate
  • $12,500,000
For Sale

Viewland

Seattle, WA 98103

  • 48,663 SF Multifamily
  • 5.08% Cap Rate
  • $20,000,000
For Sale

Capitol Core

Seattle, WA 98102

  • 8,949 SF Multifamily
  • 4.69% Cap Rate
  • $3,795,000
For Sale

Shilshole View Condominiums

Seattle, WA 98107

  • 39,797 SF Multifamily
  • $495,000

Regional Demographic Comparison

This comparison places Seattle alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Seattle or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Seattle 757,194 358,005 37 $114,915 2 214,189 2%
Burien 35,952 13,982 41 $91,621 3 6,626 1%
Newcastle 13,559 5,355 41 $147,377 3 1,950 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Seattle, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Seattle

View All Commercial Real Estate For Sale in Seattle
Is Seattle a good market for a first-time commercial real estate investor?

Seattle offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Seattle?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Seattle. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Seattle?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Seattle. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Seattle compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Seattle. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Seattle acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Seattle, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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