Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% 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.
Even though the median size is 2,860 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 1922 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 market. Commute by walking is the most popular way to get to work amongst Pike-Market folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.