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Waterfront District Office Space Available
For Lease
$39 SF/Yr

1201 Western Ave, Seattle, WA 98101

Office suites for lease in growing Waterfront District, Seattle.

Space Size7,991 SF - 12,134 SF
Days on Market203

Property Features for 1201 Western Ave

General Information

Standard status Active
Size 7,991 SF - 12,134 SF
Property subtype Office
Lease Term Full Service

Spaces For Lease

at 1201 Western Ave Contact us

Floor 5 $39/SF/Yr

Size
7,991 SF
Type
Office Condo
Term
Negotiable
Contact us

Floor 6 $39/SF/Yr

Size
12,134 SF
Type
Office Condo
Term
Negotiable
Contact us
Listing Agency: Newmark
Listed By: Cavan O'Keefe · License #26433
Source: Nmrk
Added: Jan 27 Changed: Aug 9 Last Checked: Apr 5 at 11:24PM

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 Newmark

Investment Insights

Based on property information with market context.

Office space is available for lease in the Waterfront District, an area experiencing significant growth and redevelopment. The office suites feature state-of-the-art lighting, exposed brick, and timber construction. Abundant parking is accessible in nearby parking garages. Building amenities include secure bicycle parking and private shower facilities. Significant seismic improvements were completed throughout the building during renovations.

Key Highlights

  • Located in the rapidly growing Waterfront District.
  • State‑of‑the‑art lighting highlights exposed brick and timber.
  • Abundant parking available.

Property Analytics

Current Use

Daniel Wood Real Estate Agency Lisa Gilley Artist Engineering Economics, Inc. Engineering Consultant Woodside Braseth Gallery Art Gallery Glosten Engineer

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Electrical Service Veterinary Clinic Pet Store Pet Grooming Service

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
$5.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

15,911
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

Market

Lease Benchmarks for Seattle, WA

$28.39 /SF/Yr
Avg Asking Price
$4.18–$53 /SF/Yr
Price Range
12,392 SF
Avg Space Size

This space is priced 37% above the average of $28.39 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office suites for lease in growing Waterfront District, Seattle.
Where is this office units located?
The property is located at 1201 Western Ave Seattle, WA.
What is the lease rate?
The lease rate is $39 SF/Yr.
What are key features of this property?
This property features: Located in the rapidly growing Waterfront District.; State‑of‑the‑art lighting highlights exposed brick and timber.; Abundant parking available.
More about this property
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