Most listings are in the $40's per square foot per year. The City Center North submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center North region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 7,340 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this area were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the residents of City Center North work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.