Spaces For Lease

at 1400 Madison St Contact us

New Construction Retail Space for Lease $35/SF/Yr

Size

1,011 SF

Type

RETAIL

Lease Type

NNN

Availability

AVAILABLE

New construction retail space located in First Hill. Position your business in... the heart of a thriving commercial corridor on Madison, surrounded by a strong mix of national and local retailers. Neighboring businesses include Whole Foods, Amazon Go, KeyBank, Chase, Bank of America, Salal Credit Union, Top Pot Doughnuts, and Potbelly Sandwich Shop. Ideally located near major institutions, the property is just steps from Swedish Hospital, Virginia Mason Medical Center, and one block from Seattle University. Excellent public transit access via the Broadway & Marion Streetcar and RapidRide stations ensures strong connectivity for customers and employees alike. Qualified tenants will be eligible for a tenant improvement allowance. Available now.

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Listing Agency: Ayers Commercial Group Show Phone

Listed By: Andrew Ayers · License #21030849 Show Phone

Source: Moodyscre

Added: Jun 5, 2025 Changed: Sep 15 Last Checked: Sep 15 at 10:29AM

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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 Ayers Commercial Group

Investment Insights

Based on property information with market context.

New construction retail space available now, designed for a strong commercial presence along Madison. The property offers a tenant improvement allowance for qualified tenants, supporting customization to fit your business needs.

Situated in First Hill, the surrounding area includes a mix of national and local retailers and financial institutions, such as Whole Foods, Amazon Go, KeyBank, Chase, and Bank of America. Nearby dining and everyday retail options include Top Pot Doughnuts and Potbelly Sandwich Shop.

The location also benefits from proximity to major institutions, with Swedish Hospital and Virginia Mason Medical Center nearby, and Seattle University just one block away. Public transit access is supported by the Broadway & Marion Streetcar and RapidRide stations, providing convenient connectivity for customers and employees.

Key Highlights

• New construction retail space available now in First Hill
• Tenant improvement allowance available for qualified tenants
• Located on Madison with nearby retailers including Whole Foods, Amazon Go, KeyBank, and major banks

Property Analytics

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Current Use

The Rise on Madison Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Pet Store Clothing & Fashion 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

$5.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

13,952

Businesses Nearby

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

$28.4 /SF/Yr

Avg Asking Price

$12–$53 /SF/Yr

Price Range

5,201 SF

Avg Space Size

This space is priced 23% above the average of $28.4 /SF/Yr.

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019

4.4% 2020

3.9% 2021

3.6% 2022

3.8% 2023

4.7% 2024

5.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - New construction retail space available now, with tenant improvement allowance for qualified tenants.

Where is this retail space located?

The property is located at 1400 Madison St Seattle, WA.

What is the lease rate?

The lease rate is $35 SF/Yr.

What are key features of this property?

This property features: New construction retail space available now in First Hill; Tenant improvement allowance available for qualified tenants; Located on Madison with nearby retailers including Whole Foods, Amazon Go, KeyBank, and major banks