On average, listings lease in the $40's per square foot per year. The International District submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the International District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,460 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 9 stories. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst International District occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.