On average, listings lease in the $40's per square foot per year. The International District region is going through a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the International District submarket 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 come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the International District are subleases, so you will probably have to consider a longer term lease. 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 9,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 9 stories. 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 folk. 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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