Most listings are in the $30's per square foot per year. The Industrial District region is going through a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 45% 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 region.
In the last 90 days, 5 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 260% of the office spaces 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.
Even though the median size is 12,100 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1949 and are Class A.
Utilities is the dominant industry in this market. 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.