The typical asking rate per listing is in the $40's per square foot per year. The Seattle Central Business District region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 71 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the available leases in the Seattle Central Business District are subleases, so you might be able to find a shorter term or below market rent. 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 5,660 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 20 floors. Most buildings in this region 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.