seattle Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from CBRE, JLL
Quarterly retail market indicators for seattle, aggregated by CREhunt from CBRE, JLL. As of Q1 2026, average asking rent was $25.20/SF/yr and vacancy was 4.0%, per CBRE.
Projected current retail pricing — seattle
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for seattle retail yet, so this applies the typical cap rate across comparable retail markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 CBRE asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 CBRE | $25.20/SF/yr | 4.0% | — | — | CBRE |
| Q2 2025 JLL | $30.59/SF/yr | 3.8% | -413K SF | — | JLL |
Frequently asked questions
- What is the average asking rent for retail space in seattle?
- As of Q1 2026, the average asking rent for retail space in seattle was $25.20/SF/yr, per CBRE.
- What is the retail vacancy rate in seattle?
- The retail vacancy rate in seattle was 4.0% as of Q1 2026 (CBRE).
- Where does CREhunt's seattle market data come from?
- This report aggregates quarterly retail market data for seattle from CBRE, JLL.