123 Mercer St — Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Seattle, WA 98109

Description

Market Context

This retail in Seattle, WA is listed for lease. It has been on the market for 2 days. Compare it against other retail listings for lease in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue retail market showed a 16.8% vacancy rate, and cap rates around 7.6%.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Retail market FAQ

What is the typical cap rate for retail in Seattle / Bellevue?
About 7.6% as of Q1 2026.
Is the Seattle / Bellevue retail market tightening or softening?
Vacancy is around 16.8% (Q1 2026).

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