The typical asking rate per listing is in the $20's per square foot per year. The Industrial District region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the listings in the Industrial District 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.
The standard measurement for office space in this area is around 2,050 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1949 and are Class A.
Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Industrial District folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.