On average, listings lease in the $50's per square foot per year. The City Center submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 15,350 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 22 floors. Most buildings in this region were built in 1984 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst City Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.