The typical asking rate per listing is in the $40's per square foot per year. The Belltown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Belltown submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 688 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Belltown are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,090 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this region were built in 1967 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Belltown work from home. Commuting close to 10 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 Belltown.
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