Medical Office Space Available
For Lease
$40.57 SF/Yr NNN
1229 Madison Street, Seattle, WA 98104
7,755 SF medical office space for sublease in Seattle.
Space SizeContact for details
Days on Market151
Property Features for 1229 Madison Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
(425) 462-6931
Listed By:
Dave Young
(425) 462-6931
Source:
Cbre
Added: Mar 25
Changed: Aug 10
Last Checked: Aug 21 at 7:34AM
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 Dave Young
Investment Insights
Based on property information with market context.
Located on the 11th floor of the Elmer J. Nordstrom Medical Tower at the Swedish Medical Center, Suite 1150 offers approximately 7,755 square feet of built-out medical office space. The suite features a large reception and check-in area, eight exam rooms equipped with sinks (some with 4'0" doors for hospital bed access), seven doctor offices, and multiple restrooms throughout. A large corner conference room is also included. Furniture and fixtures remaining in the suite are available. The sublease term expires on July 31, 2026, and the current rate is $40.57 per square foot, NNN (negotiable). The space is available now.
Key Highlights
- Located in the Elmer J. Nordstrom Medical Tower at Swedish Medical Center.
- Built‑out medical suite of approximately 7,755 square feet.
- Includes 8 exam rooms with sinks, some with 4’0” doors for hospital bed access.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
13,967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98104, WA
16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
Median Home Value
Market
Lease Benchmarks for Seattle, WA
$42.75 /SF/Yr
Avg Asking Price
$27.75–$53 /SF/Yr
Price Range
32,413 SF
Avg Space Size
This space is priced 5% below the average of $42.75 /SF/Yr.
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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- Banfield Pet Hospital — 1426 Harvard Ave, Seattle, WA 98122
Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,755 SF medical office space for sublease in Seattle.
Where is this medical office space located?
The property is located at 1229 Madison Street Seattle, WA.
What is the lease rate?
The lease rate is $40.57 SF/Yr.
What are key features of this property?
This property features: Located in the Elmer J. Nordstrom Medical Tower at Swedish Medical Center.; Built‑out medical suite of approximately 7,755 square feet.; Includes **8 exam rooms with sinks**, some with 4’0” doors for hospital bed access.
