On average, listings lease in the $50's per square foot per year. The Convention Civic submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $53 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 14 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Convention Civic are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,760 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 24 floors. Most buildings in this market were built in 1982 and are Class A.
Professional services is the dominant industry in this area. Most of the occupants of Convention Civic work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.