The typical asking rate per listing is in the $50's per square foot per year. The Convention Civic submarket is going through a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means new availabilities are probably 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.
The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this market are close to 24 stories. Most buildings in this region were built in 1982 and are Class A.
Professional services is the dominant industry in this area. Most of the residents of Convention Civic work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.