Most listings are in the $40's per square foot per year. The City Center South submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center South submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the City Center South are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,260 sqft. Most buildings in this market are around 7 stories. Most buildings in this area were built in 1979 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst City Center South folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.