On average, listings lease in the $60's per square foot per year. The Convention Civic submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Convention Civic 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 3,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 24 stories. Most buildings in this market were built in 1982 and are Class A.
Professional services is the dominant industry in this region. Most of the residents of Convention Civic work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.