On average, listings lease in the $30's per square foot per year. The Capitol Hill region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Capitol Hill are subleases, so you might be able to snag a great spot on a short term. 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 1,230 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1922 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Capitol Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.