The typical asking rate per listing is in the $40's per square foot per year. The Convention Civic region is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,460 sqft. Most properties in this region are around 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 folk of Convention Civic work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.