Most listings are in the $40's per square foot per year. The Pioneer Square submarket is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 21% of the listings in the Pioneer Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,600 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1904 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pioneer Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.