On average, listings lease in the $30's per square foot per year. The Minor region is experiencing a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Minor region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the office spaces in the Minor are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1926.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Minor occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.