Most listings are in the $40's per square foot per year. The Seattle Central Business District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business 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, 115 listings have been made available, so you'll want to check back regularly for new listings. About 16% of the office spaces in the Seattle Central Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 12,863 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 20 stories. Most buildings in this area were built in 1929 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Seattle Central Business District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.