On average, listings lease in the $30's per square foot per year. The Central Seattle region is experiencing a an increase 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 less expensive rates, so you should have no trouble finding a great deal in this depreciated 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 available leases in the Central Seattle 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 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 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Central Seattle folk. Commuting close to 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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