The typical asking rate per listing is in the $30's per square foot per year. The Industrial District region is seeing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 45% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 240% of the listings 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.
Even though the median size is 13,280 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1949 and are Class A.
Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Industrial District residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.