Compared to the rest of the Seattle Metropolitan Area market, the SoDo submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the SoDo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1947 and are Class A.
Waste services is the dominant industry in this market. 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.