Most listings are in the $40's per square foot per year. The Capitol Hill region is going through a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means office spaces might be 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.
Even though the median size is 3,930 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Capitol Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.