On average, listings lease in the $40's per square foot per year. The Seattle Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 65 listings have been made available, so you'll want to check back regularly for new listings. About 18% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,300 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 20 stories. Most buildings in this area were built in 1931 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Seattle Central Business District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.