Most listings are in the $40's per square foot per year. The City Center North region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center North region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the City Center North 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,950 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 20 floors. Most buildings in this region were built in 2008.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this market. Most of the folk of City Center North work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.