The typical asking rate per listing is in the $20's per square foot per year. The Industrial District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Industrial District 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1947 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 folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.