The typical asking rate per listing is in the $40's per square foot per year. The Seattle Central Business District region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 114 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Seattle Central Business 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 13,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 20 floors. Most buildings in this region were built in 1929 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Seattle Central Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.