Anyone have an approximation for what market rate is for TI ($/sf), and LC in the Seattle area? Mixed-use apartment ground floor retail. Any guidance is appreciated, doesn't have to be too specific, but if you could provide a source to reference that would be a major help. Happy holidays everyone.

Comments (4)


Louis Winthorpe III, sorry there are no responses yet. Maybe one of these topics can point you in the right direction:

Or maybe the following pros can chime in... @richardh8pg88d @Blake-Blanch @pere797

If those topics were completely useless, don't blame me, blame my programmers...

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Best Response

Is this first generation retail space? Renewal? Depends on location but I've seen as high as $100/sf in CBD first generation space. That was retail downtown in a new tower however. We typically underwrite $40/sf on first generation and $10/sf on renewals/existing space. Just finished a deal in DuPont (40 minutes south of Seattle) and saw $20/sf TI negotiated on a new lease in existing space. I'm a multi guy that deals with a lot of mixed use but honestly we usually go to our retail team for anything more specific than the above. Hope this helps.


Thanks for the insight @BraveSock. The space is renewal. Got some guidance from an appraiser as well and the range is pretty wide. Your 20/sf is pretty smack in the middle of what the appraiser said on renewal as well. Guidance was $5/sf to 40/sf depending on tenant quality, terms, and finish. Sorry for the delay, have an SB on me.


1-Click to Unlock All Comments - 100% FREE

Why do I need to be signed in?
WSO is a knowledge-sharing community that depends on everyone being able to pitch in when they know something.
+ Bonus: 6 Free Financial Modeling Lessons with 1-Click Signup ($199 value)