Veer Lofts: South Lake Union’s Best Condominium Is a Market Standout

Veer Lofts: The Heart of South Lake Union’s Only Condominium—and a Market Standout

In a neighborhood dominated by rentals and sleek new apartments, Veer Lofts holds a rare distinction: it’s the only condominium community in the heart of South Lake Union. That alone makes it unique—but the market performance here is what really turns heads.

Over the last 6 months, units in Veer have sold in an average of just 4 days, compared to 33 days for the downtown-area condo market overall. Even more telling? They’ve sold for above list price on average—a testament to the building’s scarcity, style, and location.

Where Industrial Chic Meets Modern Sustainability

Completed in 2008 by Vulcan Real Estate and designed by Johnson Architects, Veer Lofts offers about 99 units that embrace the loft aesthetic: 9- to 17-foot ceilings, exposed wood beams, polished concrete floors, and expansive windows. LEED certification means thoughtful touches like recycled materials, water-saving fixtures, and abundant natural light were part of the plan from day one.

This is a building that resonates with buyers who want character in a city center property—something hard to find in glass-and-steel high-rises.

The Lifestyle Advantage: South Lake Union at Your Doorstep

Living at Veer means being in the middle of one of Seattle’s most dynamic neighborhoods. Amazon’s campus, Lake Union Park, the streetcar, and some of the city’s top dining and coffee spots are just steps away. A 98 Walk Score and 90 Transit Score mean you can leave the car in the secure garage most days.

Shared perks include a landscaped second-floor courtyard with BBQ grills, secure lobby, underground parking, and individual storage—amenities that make daily life easier while keeping HOA dues relatively modest.

Why Veer Lofts Outsells the Market

The speed and pricing power of Veer’s sales come down to three factors:

1. Unmatched Scarcity – It’s the only condo ownership option in SLU.

2. Boutique Exclusivity – Fewer than 100 units mean limited turnover and high demand.

3. Location & Lifestyle – Walkable, transit-friendly, and in one of Seattle’s most employment-rich areas.

For buyers, this combination means less competition for listings within the building—but fierce competition for the building. For sellers, it means short market times and strong offers, often with escalations.

The Bottom Line

In the last 6 months, while the average downtown-area condo has taken over a month to sell and often closes below asking, Veer Lofts units have been moving in just 4 days and for more than their list price. Whether you’re a buyer trying to land a unit before it’s gone or a seller looking to maximize your return, timing and strategy are everything here.

Thinking about buying or selling at Veer Lofts?
We’ve helped clients navigate Seattle’s most competitive condo markets and can give you the inside track on this one-of-a-kind building. Contact us today for tailored advice and the latest availability.

Great news! You can also check out our latest listing at Veer Lofts. This HUGE one-bedroom is uber-chic and steps to everything you need in South Lake Union.