On average, listings lease in the $20's per square foot per year. The Lower Queen Anne region is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Lower Queen Anne submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Lower Queen Anne 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.
The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this region were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Lower Queen Anne work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.