Most listings are in the $0's per square foot per year. The First Hill submarket is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the First Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 sqft. Most buildings in this region are approximately 7 floors. Most buildings in this region were built in 1970 and are Class A.
Professional services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst First Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.