The typical asking rate per listing is in the $40's per square foot per year. The Downtown Seattle region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 126 listings have been made available, so you'll want to check back regularly for new listings. About 60% of the available leases in the Downtown Seattle are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,420 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 6 stories. Most buildings in this area were built in 1946 and are Class A.
Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Seattle folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.