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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 SizeContact for details
Days on Market272

Property Features for 1516 4th Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Joe Riley
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 11 Last Checked: Aug 21 at 1:56PM

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

Current Use

Office Units

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist Kitchen & Bath Showroom Grocery & Convenience 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

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

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 47% 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 - 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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