On average, listings lease in the $40's per square foot per year. The City Center region is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the City Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the City Center 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 6,300 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 22 stories. Most buildings in this region were built in 1984 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.