On average, listings lease in the $40's per square foot per year. The Broadway region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Broadway region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been listed, which means office spaces might be going fast. 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.
Even though the median size is 3,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the folk of Broadway work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.