On average, listings lease in the $20's per square foot per year. The Industrial District submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 140% of the available leases in the Industrial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1951 and are Class A.
Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Industrial District folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.