Most listings are in the $30's per square foot per year. The Central District region is going through a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Central District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 21 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Central District are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this area were built in 1995.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central District folk. Commuting approximately 15 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 Central District.
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