Seattle has 5 distinct Class A submarkets we track, anchored by Downtown CBD at the trophy tier.

  • 5 submarkets covered.
  • Trophy tier: Downtown CBD, South Lake Union, Bellevue.
  • Prime tier: Pioneer Square, Redmond.
  • Established/emerging tier: —.

Seattle Class A submarkets

Seattle has 5 distinct Class A submarkets we track, anchored by Downtown CBD at the trophy tier.

TL;DR

  • 5 submarkets covered.
  • Trophy tier: Downtown CBD, South Lake Union, Bellevue.
  • Prime tier: Pioneer Square, Redmond.
  • Established/emerging tier: —.

By tier

**Downtown CBD** (trophy, ~$65/sqft/yr) — Trophy waterfront and financial core. **South Lake Union** (trophy, ~$60/sqft/yr) — Amazon's home campus. **Bellevue** (trophy, ~$58/sqft/yr) — Cross-lake trophy alternative. **Pioneer Square** (prime, ~$48/sqft/yr) — Boutique creative submarket. **Redmond** (prime, ~$44/sqft/yr) — Microsoft's home campus and adjacent inventory.

Key facts

citySeattle
countryUnited States
regionAmericas
classARentLocal52 USD/sqft/yr
classARentUsd$52/sqft/yr
vacancy26.4%
typicalLeaseYears10
typicalRentFreeMonths16
submarkets5
primeYieldPct6.7%
trophyCount3
primeCount2

Frequently asked questions

How many Class A submarkets are in Seattle?
5, ranging from trophy (Downtown CBD) down to established and emerging clusters.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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