On average, listings lease in the $40's per square foot per year. The City Center North region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center North submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the City Center North 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 8,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 20 floors. Most buildings in this region were built in 2008.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this market. Most of the folk of City Center North work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.