On average, listings lease in the $30's per square foot per year. The Lower Queen Anne region is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Lower Queen Anne region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 50% 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,759 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area 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 occupants 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.