The typical asking rate per listing is in the $70's per square foot per year. The Pioneer Square region is going through a a boost in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a 66% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 157% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 18,560 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1904 and are Class B.
Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pioneer Square folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.