The typical asking rate per listing is in the $30's per square foot per year. The Central Seattle region is seeing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Central Seattle region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 77 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Central Seattle are subleases, so you will probably have to focus your search on direct office leases. 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 3,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Seattle occupants. Commuting approximately an hour 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 Seattle.
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