Quality business parks and industrial properties are available for the full range of users in King County – professional, high technology, research and development, industrial, manufacturing and distribution. King County developers have gained national recognition for blending the natural Puget Sound environment into the most aesthetic and well-designed business centers on the West Coast.
Office Market
| (1st quarter 2006) |
| Market Area |
Net Rentable Area
(SF) |
% Vacant |
Class A Average
Lease Rate/SF |
| Downtown Seattle |
36,985,896 |
12.87% |
$24.81 |
| North Seattle |
1,435,406 |
10.34% |
$23.18 |
| Southend |
11,265,995 |
21.16% |
$19.66 |
| Eastside |
25,934,484 |
9.75% |
$24.18 |
| Source: CB Commercial Real Estate Group, Inc. |
Industrial Market
| (1st quarter 2006) |
| Market Area |
Sq. Feet
(SF)
Industrial |
Sq. Feet
(SF)
Flex/Tech |
% Vacant
Industrial versus Flex/Tech
|
Monthly Average Net Lease Rate/SF
Industrial - Flex/Tech |
| Seattle |
69,888,916 |
292,080 |
3.70% / 9.67% |
$0.46 |
$0.85 |
| Kent Valley |
101,631,968
|
1,519,745 |
5.59% / 12.03% |
$0.35 |
$0.96 |
| Eastside |
21,103,142 |
4,868,905 |
14.50% / 25.88% |
$0.78 |
$1.15 |
| Source: CB Commercial Real Estate Group, Inc. |
Market Area Definitions
Downtown: From the ship canal to the West Seattle Bridge, including the Central Business District, Waterfront, Denny Regrade, Lower Queen Anne, Pioneer Square, Lake Union, and the Canal
Northend: The area north of the Ship Canal up to the Snohomish County line, including the University District and Northgate
Southend: From the West Seattle Bridge through South King County including Pierce and Thurston Counties. Seattle, Auburn, Kent, Renton, SeaTac, and Tukwila (all within 20 miles of Downtown Seattle)
Eastside: All of King County east os Lake Washington, including Bellevue, Redmond, Kirkland, Bothell, Issaquah, Mercer Island, and the corridors of I-405, SR 520, and I-90
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