On average, listings lease in the $30's per square foot per year. The International District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the International District region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the International 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 available, so finding a space for a small business might be tough.
Even though the median size is 24,410 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst International District folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.