The typical asking rate per listing is in the $40's per square foot per year. The Downtown Seattle region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 178 listings have been listed, so you'll want to check back regularly for new listings. About 21% of the available space in the Downtown Seattle are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 11,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this area were built in 1937 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown Seattle folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.