Most listings are in the $40's per square foot per year. The SoDo submarket is going through a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the SoDo submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 106 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the SoDo 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 14,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1947 and are Class A.
Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst SoDo folk. Commuting under 5 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 SoDo.
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