On average, listings lease in the $50's per square foot per year. The City Center region is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center region has greater 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 leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,190 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 22 floors. Most buildings in this market were built in 1983 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst City Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.