On average, listings lease in the $30's per square foot per year. The Convention Civic submarket is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means spaces most likley are 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.
The standard measurement for office space in this area is around 1,190 sqft. Most properties in this region are close to 24 floors. Most buildings in this area were built in 1982 and are Class A.
Professional services is the dominant industry in this market. Most of the residents of Convention Civic work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.