The typical asking rate per listing is in the $40's per square foot per year. The City Center region is seeing a a boost in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the City Center region 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 spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the listings in the City Center 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 22 floors. Most buildings in this region were built in 1984 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.