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Monday, October 14, 2013

Seattle's Prestigious Office Addresses

2:40 PM
The Sunday Seattle Times reported on October 13, 2013 that the Seattle area boasts two of the nation's most expensive addresses for office space. Commercial real restate brokerage Jones Lang LaSalle studied 40 downtown locations with the priciest office rents, and Seattle's Union Street ranked 10th, with Bellevue's 108th Avenue placing 12th in the nation.

Average asking rent for office space on Union Street was $38.92 per square foot and $38.58 on 108th Avenue NE, at the end of June 2013.

Sand Hill Road in Menlo Park, California, home of several venture-capital firms, asks rent as high as $111 per square foot; and Manhattan's Fith Avenue, home to sizable hedge funds, had the highest rents among downtowns in the Jones Lang LaSalle study, at $102.02/sf.

Please see http://seattletimes.com/html/businesstechnology/2022013343_sundaybuzz13xml.html  for the complete article.

Happy investing!

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