Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 43% of the listings in the Pioneer Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1904 and are Class B.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pioneer Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.