On average, listings lease in the $50's per square foot per year. The Convention Civic submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 13% decline 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 make a great offer to be in this hot region.
In the last 90 days, 14 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 79% of the listings in the Convention Civic are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,080 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 24 stories. Most buildings in this market were built in 1983 and are Class A.
Professional services is the dominant industry in this region. Most of the occupants 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.