Seattle Vacancy according to OfficeSpace.com

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Dear Craig Hill: Jul-12
Welcome to OfficeSpace.com’s monthly newsletter, which provides month-end rental rate and vacancy statistics, links to real estate news and a personalized listings summary. It takes only a moment to set up a FREE Custom Interface on OfficeSpace.com. If you wish to unsubscribe, use the link at the bottom of this email.

Seattle Office Vacancy and Rental Rates (more stats)

Market Num of
Bldgs
Total RSF Direct
Vacant
Vacancy
Rate
Sublease
Available
Vacancy
w/Sublet
Average
Rent Rate
Downtown 545 50,620,737 6,317,728 12.5% 872,401 14.2% $28.53
Eastside 818 35,361,209 4,992,849 14.1% 723,233 16.2% $28.30
Northend 394 12,065,256 1,889,010 15.7% 142,237 16.8% $22.91
Southend 413 15,329,277 3,119,392 20.3% 397,592 22.9% $20.47
Tacoma 212 7,072,256 1,152,999 16.3% 41,497 16.9% $20.86
Grand Total 2,382 120,448,735 17,471,978 14.5% 2,176,960 16.3% $26.42
Notes – Statistics are based on existing buildings that are available for lease (and do not include owner occupied buildings, government buildings or buildings that are under construction or proposed). Average Rent Rates are calculated on a full-serviced lease basis, using a weighted average (the bigger the building, the more impact it has on the average).

Commercial Real Estate News (past month) (more)

7-27: HTC moves ahead with big expansion in Seattle’s Pioneer Square
7-25: Goodwill opening South Lake Union store
7-25: Urban-friendly Target to open Wednesday in downtown Seattle
7-25: Kilroy pays $187M for Bellevue tower
7-24: Blucora to move HQ to new Bellevue location
7-24: Seattle approves plan to lease fiber network to private firms
7-20: When is green not green enough? Dispute swirls around 2 Seattle projects
7-20: New Center for Impact & Innovation inks lease at Pioneer Square’s historic Masins furniture building
7-13: After the Alaskan Way Viaduct, city sees ‘a waterfront for all’
7-12: Metropolitan Market buys Magnolia Thriftway
7-10: The most detailed designs yet showing Amazon’s proposed downtown Seattle HQ
7-09: First look at new plan to develop Port Gamble
7-05: Northgate redevelopment raises citywide affordability concerns
7-05: Goldman affiliate loses control of 11 Seattle and Eastside buildings
7-05: Neglected downtown landmark could become a hotel
7-05: Seattle’s South Lake Union zoning plan could add 12K households
7-02: Seattle: America’s top tech city
7-02: Fast-growing Zillow secures more office space at Seattle HQ
7-02: OfficeSpace.com comes to Denver
7-02: Motricity to terminate lease at downtown Bellevue HQ
Showcase Property
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Wells Fargo Plaza

Year-to-Date Listings View Counter – Craig Hill

Property Name Search
Result
Click
Rate
Space
Detail
Location
Map
Flyer Floor
Plan
Inquiry Total ROI**
1200 Dearborn Street 4,153 1.0% 52 212 N/A (4) 0 6 274 $173.00
1617 South Jackson Street 3,116 1.0% 105 164 N/A (4) 0 9 282 $232.50
840 North Broadway* 2,339 0.4% 5 62 N/A 0 0 67 $18.00
901 Rainier Avenue South 1,986 1.2% 104 208 N/A (4) 2 6 324 $202.00
First & Hudson Building 2,315 1.8% 134 177 N/A (4) 0 12 327 $295.25
Weller Building 2,593 0.4% 140 236 N/A 1 7 384 $236.00
Grand Totals – 6 Listings 16,502 1.0% 540 1,059 16 3 40 1,658 $1,156.75
Click any building name to see those tenants who have viewed the property. An "*" after a building name denotes partial period tracking. In 2007, we began counting the number of times a listing appears in a search result. When more detail is requested, a click-through is recorded. The number of click-throughs is then divided by the search results to determine the Click Rate. **ROI or Return on Investment is a simple tool that you can use to measure the value of having your listing(s) on OfficeSpace.com. Your ROI is based on actual performance results and is calculated using industry standard values. Click Here to Learn More.

Interesting Facts About OfficeSpace.com

  • We track 27,000 commercial buildings and 25,600 individual suites totaling over one billion SF of space
  • A featured property receives five times the number of views as does a basic listing
  • In partnership with Dun & Bradstreet, we provide access to 5,000 building rosters and 70,000 tenants
  • During the past 30 days, 88 registered tenants have used our site to find and lease space
  • In an average month, our site receives 1.6 million hits from 80,000 user sessions
  • You can receive daily or weekly email notifications of all new and leased spaces added to our database
  • Finding the space you need is only two clicks away, using the Quick Search box below
  • It takes only a moment to set up a FREE Custom Interface on OfficeSpace.com

Questions? Call John Heimbigner at (206) 287-1918. Click Here to Unsubscribe.

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About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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