Most listings are in the $10's per square foot per year. The Ballard region is seeing a decline in rates. In the last 3 months, the median rate fell $44 per sqft per year. That's a 73% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Ballard submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Ballard 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 720 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Ballard occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.