Compared to the rest of the Seattle Metropolitan Area market, the Pike-Market submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Pike-Market 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,860 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this region were built in 1922 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 area. Commute by walking is the most popular way to get to work amongst Pike-Market folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.