Most listings are in the $40's per square foot per year. The University District submarket is going through a an increase 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 University District submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 300% of the listings in the University District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 11,140 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the folk of University District work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.