The typical asking rate per listing is in the $40's per square foot per year. The City Center South region is going through a an increase in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the City Center South submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the listings in the City Center South are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most buildings in this region are close to 7 stories. Most buildings in this area were built in 1979 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center South occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.