The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 70% of the available leases in the Capitol Hill 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Capitol Hill folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.