On average, listings lease in the $40's per square foot per year. The Seattle Central Business District submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% 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 region.
In the last 90 days, 104 listings have come on the market, so you'll want to check back regularly for new listings. About 13% 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 13,590 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 20 floors. Most buildings in this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.