The typical asking rate per listing is in the $40's per square foot per year. The Broadway region is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Broadway region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Broadway are subleases, so you might be able to snag a great spot on a short term. 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 1,430 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the occupants of Broadway work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.