Most listings are in the $30's per square foot per year. The City Center South submarket is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center South region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this market were built in 1986 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center South residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.