Most listings are in the $40's per square foot per year. The Madison Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $45 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Madison Park submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Madison Park 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.
The standard measurement for office space in this area is around 1,220 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Madison Park occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.