The typical asking rate per listing is in the $30's per square foot per year. The Interbay submarket is going through a a rise in rates. In the last 3 months, the median rate increased $35 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Interbay region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 64% of the office spaces in the Interbay 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 4,170 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1992 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Interbay folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.