On average, listings lease in the $20's per square foot per year. The Industrial District region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 40% of the office spaces in the Industrial District 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 2,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1951 and are Class A.
Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Industrial District residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.