Most listings are in the $30's per square foot per year. The Belltown submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Belltown region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 34 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the office spaces in the Belltown 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,290 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this market were built in 1965 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Belltown work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.