Most listings are in the $10's per square foot per year. The Industrial District submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 50% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market 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 residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.