Most listings are in the $40's per square foot per year. The Pike-Market submarket is going through a a rise in rates. In the last 3 months, the median rate increased $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Pike-Market 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most properties in this market are approximately 6 stories. Most buildings in this region were built in 1923 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pike-Market residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.