The typical asking rate per listing is in the $50's per square foot per year. The Seattle Central Business District submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 31% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,540 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.