The typical asking rate per listing is in the $20's per square foot per year. The Georgetown submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 29% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Georgetown region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the listings in the Georgetown 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 42,710 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1969 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Georgetown residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.