Most listings are in the $30's per square foot per year. The Convention Civic submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic 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, 10 listings have been listed, which means new availabilities might be going fast. 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.
The standard measurement for office space in this area is around 1,460 sqft. Most buildings in this market are around 24 stories. Most buildings in this area were built in 1982 and are Class A.
Professional services is the dominant industry in this market. Most of the occupants of Convention Civic work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.