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Professional Office Suite with Port Views
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111 Market St NE, Olympia, WA 98501

Office suite with reception, four private offices, conference room, and open work area, offering views overlooking the Port of Olympia.

Property Size1,657 SF
Days on Market71

Property Features for 111 Market St NE

General Information

Standard status Active
Size 1,657 SF
Class A
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Space Use Office
Private Offices 4
Meeting Rooms 1
Listing Agency: The Rants Group
Listed By: Danielle Rants, CCIM · License #23029550
Source: Moodyscre
Added: May 21 Changed: Jul 29 Last Checked: Jul 30 at 12:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Rants Group

Investment Insights

Based on property information with market context.

Professional office suite at Market Centre (Class A) in Olympia’s Market District, located directly across from the Olympia Farmers Market. The suite features exceptional views overlooking the Port of Olympia, including the Farmers Market.

The interior layout includes a reception area, four private offices, a conference room, a copy/storage room, an open work area, and a breakroom. The building offers professional office and retail space, with guest and street parking, plus additional gated employee parking available for a monthly fee.

The suite is well suited for professional teams that need both private offices and shared collaboration space, while taking advantage of the prominent downtown setting and walkable access to restaurants, coffee shops, boutiques, and everyday amenities.

Key Highlights

  • Exceptional views overlooking the Port of Olympia and the Farmers Market
  • Suite layout includes reception, four private offices, conference room
  • Copy/storage room plus open work area and breakroom

Property Analytics

Current Use

Esri (Bike/Boat/Book/etc) Store Mercato Ristorante Restaurant Merrill Lynch Wealth ... Financial Advisor Christa Huddleston Physician Marlan B Dr- ... Physician

Suggested Use

Top Pick Pharmacy HVAC Service Electrical Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,750
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value

Market

Lease Benchmarks for Olympia, WA

$21.22 /SF/Yr
Avg Asking Price
$7.99–$30 /SF/Yr
Price Range
1,472 SF
Avg Space Size

This space is priced 55% above the average of $21.22 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suite with reception, four private offices, conference room, and open work area, offering views overlooking the Port of Olympia.
Where is this office units located?
The property is located at 111 Market St NE Olympia, WA.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: Exceptional views overlooking the Port of Olympia and the Farmers Market; Suite layout includes reception, four private offices, conference room; Copy/storage room plus open work area and breakroom
(360) 915-5955 Call to check price and availability
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