On average, listings lease in the $10's per square foot per year. The Georgetown region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 46% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Georgetown submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,780 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1969 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Georgetown occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.