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Second-Floor Office Units
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4517 University Way NE, Seattle, WA 98105

Professional office space with elevator access, street-facing windows, and abundant natural light.

Space Size6,184 SF
Days on Market1557

Property Features for 4517 University Way NE

General Information

Standard status Active
Size 6,184 SF
Elevators Yes
Property subtype OFFICE
Lease Type NNN

Space & Availability

Floor 2
Space Use Office

Additional Details

Highway Access Yes

Spaces For Lease

at 4517 University Way NE Contact us

2nd Floor Office/Professional Services Space on University Way $12/SF/Yr

Floor
2
Size
6,184 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, 30 Days
Fantastic U-District location near I-5, centrally located between NE 45th Street...
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Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Troy Gessel
Source: Moodyscre
Added: May 10, 2022 Changed: Aug 8 Last Checked: Aug 13 at 5:16AM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

Second-floor office space comprising 6,184 square feet, with elevator access and large street-facing windows that bring natural light into the premises. The space is suited for office and professional service uses.

Located at 4517 University Way NE in Seattle’s U-District, the property is near I-5 and centrally positioned between NE 45th Street and NE 47th Street. Its University Way NE frontage provides a visible setting for office occupants seeking a centrally located Seattle address.

Key Highlights

  • 6,184 square feet of second‑floor office space
  • Elevator access to the second floor
  • Large street‑facing windows with natural light

Property Analytics

Current Use

Deep Roots Tattoo ... Tattoo & Piercing Shop

Suggested Use

Top Pick HVAC Service Electrical Service Florist Home Appliance Store Nursing Home (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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,515
Businesses Nearby

Demographics for 98105, WA

49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$28.39 /SF/Yr
Avg Asking Price
$4.18–$53 /SF/Yr
Price Range
12,157 SF
Avg Space Size

This space is priced 58% below 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 - Professional office space with elevator access, street-facing windows, and abundant natural light.
Where is this office units located?
The property is located at 4517 University Way NE Seattle, WA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 6,184 square feet of second‑floor office space; Elevator access to the second floor; Large street‑facing windows with natural light
(425) 301-4422 Call to check price and availability
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