On average, listings lease in the $20's per square foot per year. The Industrial District region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Industrial District are subleases, so you might be able to snag a great spot on a short term. 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 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1947 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 around 30 minutes a day is the norm for those who opt to reside in this part of town.