Most listings are in the $10's per square foot per year. The Port Gardner submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 30% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Port Gardner submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 167% of the office spaces in the Port Gardner are subleases, so you might be able to find a shorter term or below market rent. 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 1,880 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Port Gardner occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.