The typical asking rate per listing is in the $20's per square foot per year. The Industrial District submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 120% of the listings 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 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 1,400 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1951 and are Class A.
Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Industrial District residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.