The typical asking rate per listing is in the $50's per square foot per year. The City Center South region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center South region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,570 sqft. Most buildings in this area are close to 6 stories. Most buildings in this region were built in 1986 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. 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.