On average, listings lease in the $50's per square foot per year. The City Center North submarket is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center North region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,390 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this market were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the occupants of City Center North work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.