Most listings are in the $40's per square foot per year. The Downtown Seattle region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 163 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the office spaces in the Downtown Seattle are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,210 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 7 floors. Most buildings in this region were built in 1937 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown Seattle residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.