Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 160% of the office spaces in the Pike-Market 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,270 sqft. Most properties in this region are approximately 6 stories. Most buildings in this area were built in 1923 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pike-Market occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.