Most listings are in the $40's per square foot per year. The Capitol Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1919 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Capitol Hill residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.