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Renovated Office Space in Pioneer Square
For Lease
Contact for pricing

568 1st Ave S, Seattle, WA 98104

Office space for lease with freeway access and waterfront proximity.

Space Size2,851 SF - 10,246 SF
Days on Market208

Property Features for 568 1st Ave S

General Information

Standard status Active
Size 2,851 SF - 10,246 SF
Property subtype Office

Spaces For Lease

at 568 1st Ave S Contact us

Suite 200 - 10,212 RSF

Size
10,212 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us

Suite 300 - 10,246 RSF

Size
10,246 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us

Suite 500 - 7,449 RSF

Size
7,449 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us

Suite 550 - 2,851 RSF

Size
2,851 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Newmark
Listed By: Daniel Seger · License #26433
Source: Nmrk
Added: Jan 27 Changed: Aug 9 Last Checked: Apr 5 at 11:29PM

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.

This office space is available for lease in a renovated building located in Pioneer Square. The former warehouse building features heavy timber construction with seismically reinforced brick and concrete. Renovated in the year 2000, the property offers direct freeway access to I-5 and I-90. The location is within walking distance of the Seattle Waterfront and major transit hubs. Situated across the street from Lumen Field, the property provides views of Elliott Bay and is adjacent to recent residential, retail, and hotel developments.

Key Highlights

  • Direct freeway access to I‑5 and I‑90.
  • Located across the street from Lumen Field with views of Elliott Bay.
  • Quick walk from the Seattle Waterfront and major transit hubs.

Property Analytics

Current Use

Freeman Electronics & Wireless Store Ideoclick (Bike/Boat/Book/etc) Store Committee For Children Social Service Agency Head2Head (Bike/Boat/Book/etc) Store Silver Fox Productions ... Marketing & Advertising

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

9,671
Businesses Nearby

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

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

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 for lease with freeway access and waterfront proximity.
Where is this office units located?
The property is located at 568 1st Ave S Seattle, WA.
What are key features of this property?
This property features: Direct freeway access to I‑5 and I‑90.; Located across the street from Lumen Field with views of Elliott Bay.; Quick walk from the Seattle Waterfront and major transit hubs.
More about this property
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