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Seattle Office Space For Rent
For Lease
$15 SF/Yr

1516 4th Avenue, Seattle, WA 98101

Office space in Seattle's business, retail, and tourism core.

Space Size4,683 SF
Days on Market319

Property Features for 1516 4th Avenue

General Information

Standard status Active
Size 4,683 SF
Property subtype Office

Spaces For Lease

at 1516 4th Avenue
Suite 500 Available
Size 4,683 SF
Sublease Yes
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Listed By: Joe Riley
Source: Cbre
Added: Nov 22, 2025 Changed: Sep 28 Last Checked: Oct 5 at 4:42PM

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 Joe Riley

Investment Insights

Based on property information with market context.

This office space is situated in a prime location within Seattle’s business, retail, and tourism core, adjacent to Westlake Park. The property offers excellent connectivity, with proximity to Westlake Station and Seattle Metro bus lines, providing easy access to transportation. The property has a size of 9327 square feet. The location benefits from a daily rotation of food trucks within Westlake Park.

Key Highlights

  • Prime location in Seattle's business, retail, and tourism core.
  • Adjacent to Westlake Park.
  • Excellent connectivity via Westlake Station.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service Pet Store Pet Store & Service Butcher

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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,779
Businesses Nearby

Demographics for 98101, WA

16,237
Population
13,193
Households
1.2
Avg Household Size
36
Median Age
71%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
32,474
Density / Sq Mi
$128,143
Median Household Income
$106,620
Median Earnings
$2,476
Median Rent
$741,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Seattle, WA

$27.08 /SF/Yr
Avg Asking Price
$2.56–$53 /SF/Yr
Price Range
12,678 SF
Avg Space Size

This space is priced 45% below the average of $27.08 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space in Seattle's business, retail, and tourism core.
Where is this office units located?
The property is located at 1516 4th Avenue Seattle, WA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime location in Seattle's business, retail, and tourism core.; Adjacent to Westlake Park.; Excellent connectivity via Westlake Station.
More about this property
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