Seattle Office Submarkets: Downtown, Pioneer Square, Belltown, Ballard

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Seattle Office Submarkets: Downtown, Pioneer Square, Belltown, Ballard

Seattle is a small-footprint office market with sharply different pricing over short distances. Our catalogue covers 8 buildings and 137 available units spread across four working submarkets — here is what each actually costs.

Downtown core: Fifth and Second Avenue

The address everyone recognises. Columbia Tower, 701 Fifth Avenue is the tallest building in the Pacific Northwest and the most expensive entry here at $3.09–$6.33 per ft² a month, with 20 units listed from $133 to $25,467. The US Bank Center, 1420 Fifth Avenue is the calmer neighbour — 17 units at $2.63–$3.02, spanning 43 to 13,261 ft². Qualtrics Tower, 1201 Second Avenue is the value surprise of the core: modern high-rise space from $2.25 per ft², 215 to 14,327 ft².

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Stewart Street, north end of downtown

Plaza 600 at 600 Stewart Street is the market's flattest pricing — 14 units at $2.67–$2.68 per ft² a month, from a 118 ft² room at $316 to 5,597 ft² at $14,950. No view premium, no discount; useful when you want predictability rather than a negotiation.

Pioneer Square and the waterfront

Smith Tower, 506 Second Avenue, completed in 1914, offers landmark stock at $2.63–$3.48 per ft² across 15 units, 431 to 12,056 ft². Two blocks down, 450 Alaskan Way South holds 18 units and the joint-lowest rate in the market, $2.25 per ft², running up to $5.16 — the widest internal spread of any building here, so the unit matters more than the address.

Belltown: Elliott Avenue

2815 Elliott Avenue lists 16 units at $2.63–$3.48 per ft² a month, 431 to 14,219 ft², $1,500 to $37,428. Waterfront-facing space at core pricing, without the core's traffic — the usual pick for teams that want views but not a Fifth Avenue lobby.

Ballard: Northwest Leary Way

1455 Northwest Leary Way is the creative-industrial option and the market's widest range: $2.32 to $6.33 per ft² a month across 20 units, 108 to 16,598 ft², $680 to $38,550. It also holds the largest single floor plate in the listing.

Choosing between them

If commute and cost dominate, Ballard and 450 Alaskan Way South are where the per-foot money is. If client perception dominates, Fifth Avenue earns its premium. Compare the four side by side in the Seattle office listings.

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