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Downtown's Available Sublease Space Tops 1.3 Mil SF, Says Colliers

SEATTLE, WA-The central business district was hardest hit, with 47% of the total within its borders. Then again, says Colliers, there are currently tenants looking for 1.3 million sf in Seattle within the next six to 12 months.

By Janet Parker | Updated on February 23, 2001

SEATTLE, WA-After much research, the Seattle office of Colliers International is beginning to get a handle on the sublease situation in the core Seattle market.

“We are currently tracking just shy of 1.3 million sf that’s available for sublease in Downtown, starting from the south in Pioneer Square to the north end of Lake Union,” says Michael Dash, a Downtown office broker with Colliers. He qualifies the numbers by saying any space leased in the last 30 days does not figure in.

A whopping 67% of the 1.3 million sf was put back on the market by technical, dot-com-related entities, according to the study. A distant second were data and telecommunications firms, which are responsible for another 7% of the total available sublease space.

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