233 Westlake Ave N — Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Seattle, WA 98109
  • Size: 2,632 SF

Description

Walking distance to major SLU tech employers, the Gates Foundation, MOHAI, and the South Lake Union Streetcar with direct access to downtown Seattle.

Market Context

This retail in Seattle, WA is listed for lease across 2,632 SF. It has been on the market for 53 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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