The typical asking rate per listing is in the $40's per square foot per year. The International District region is experiencing a an increase in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the International District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 29 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the International District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 9,460 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 9 floors. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst International District residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in International District.
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