On average, listings lease in the $10's per square foot per year. The SoDo submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 50% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the SoDo region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1947 and are Class A.
Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst SoDo occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.