On average, listings lease in the $40's per square foot per year. The Capitol Hill submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 11% 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 make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means new listings most likley are 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Capitol Hill folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.