On average, listings lease in the $50's per square foot per year. The City Center submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $57 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the City Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the City Center are subleases, so you might be able to snag a great spot on a short term. 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 5,190 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 22 floors. Most buildings in this area were built in 1983 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst City Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.