Most listings are in the $40's per square foot per year. The Downtown Seattle submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 126 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available space in the Downtown Seattle 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 5,830 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 7 floors. Most buildings in this market were built in 1939 and are Class A.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown Seattle occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.