The typical asking rate per listing is in the $30's per square foot per year. The Industrial District region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Industrial District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1947 and are Class A.
Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Industrial District occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.