On average, listings lease in the $40's per square foot per year. The Seattle Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 71 listings have come on the market, so you'll want to check back regularly for new listings. About 76% of the listings in the Seattle Central Business District 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 7,070 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 20 floors. Most buildings in this area were built in 1931 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Seattle Central Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.